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Driver analysis and product optimization with BayesiaLab

This tutorial covers Driver Analysis and Product Optimization with BayesiaLab. It provides hands-on examples of how to use Bayesian networks in the field of marketing science.
In this study we want to examine how product attributes perceived by consumers relate to purchase intention for specific products. Put simply, we want to understand the key drivers for purchase intent. Given the large number of attributes in our study, we also want to identify common concepts among these attributes in order to make interpretation easier and communication with managerial decision makers more effective.
Secondly, we want to utilize the generated understanding of consumer dynamics, so product developers can optimize the characteristics of the products under study in order to increase purchase intent among consumers, which is our ultimate business objective.

Here are other applications of our Probabilistic Structural Equations models :

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