Term
When is a questionaire considered incomplete? |
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Definition
- If any of the questions are not completely answered
- If the pattern of the responses indicates that the respondent did not understand the survey
- The responses show very little variance
- If it is answered by someone who does not qualify for participation
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Term
How can you treat unsatisfactory questionaire results? |
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Definition
- Return to the field and gather the complete response from that individual
- Assign missing values to unsatisfactory responses
- Discard the entire questionaire with unsatisfactory responses
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Term
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Definition
Data cleaning is done via consistency checks, which identify data that are out of range, logically inconsistent, or have extreme values. |
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Term
How are missing variables treated? |
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Definition
- Substitute a neutral value (i.e. the mean response for that variable from all of the other respondents)
- Substitute an imputed response (i.e. the respondents' pattern of response to other questions are used to calculate a suitable response to the missing question)
- Casewise deletion - cases, or respondents with any missing responses are deleted completely
- Pairwise deletion - instead of discarding all cases with any missing values, the researcher uses those cases with complete responses for each question when doing calculations
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Term
What is a "dummy" variable? |
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Definition
A dummy variable is used in coding data from questionaires. The dummy is what the code is based off of. If, after coding, the response to a question reads "0", then the response to that question was the base, or dummy. |
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Term
When selecting a data analysis technique, what options should be used when considering only ONE variable (univariate)? |
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Definition
- t-Test
- two sample means t-Test
- Chi-Squared test
- ANOVA
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Term
When selecting a data analysis technique, which tests should be used when analyzing more then one variable (multivariate)? |
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Definition
- Regression analysis
- Conjoint analysis
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Term
What does a One-Way Chi-Square analysis test? |
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Definition
- The researcher develops a theory about the data that was collected from N individuals
- The one-way chi-squared analysis tests how close the data is to the theory
- The theory can come from historical data
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Term
What does it mean when the Chi-Square statistic (for One-Way Chi Square tests) is large? |
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Definition
Because the Chi-Square statistic is a function of the deviation of the observed counts from the theory, a larger Chi-Square statistic means that there is a big difference between the theory of the data and the actual data.
When the chi-square statistic is large (i.e. bigger than the critical value) then reject the null hypothesis. The actual data is new and the theory must be changed. |
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Term
Explain the null hypothesis when running a One-Way Chi-Square test. |
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Definition
In a Chi-Square test, a null hypothesis is a statement of the status quo, one of no difference or no effect. If the null hypothesis is not rejected then no changes will be made. |
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Term
When is the single-means t-Test appropriate? |
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Definition
- Tests the mean of a single variable against a number
- Use with interval and ratio questions
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Term
When is the paired means t-Test appropriate to use? |
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Definition
- Paired means t-Test tests the mean for the same group to two different variables or activities
- Example: men's attitudes towards the Internet and men's attitudes towards technology in general
- Use with interval and ratio questions
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Term
When is the two sample means t-Test appropriate to use? |
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Definition
- Use when comparing two different groups to the same variable or activity
- Example: men's opinions of the rec center and women's opinions of the rec center
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Term
When is ANOVA appropriate to use? |
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Definition
- Use when testing 3 or more groups (as opposed to t-Testing which tests 1 to 2 groups) for the same variable or usage
- Example: Internet usage by income level, age groups, household size, etc.
- Is mean internet usage the same across different income classes?
- Null hypothesis would be: The mean internet usage in each class is equal to that of every other class.
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Term
What is a Two-Way Chi-Square test? |
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Definition
- This tests for statistical independence
- Testing to see if one variable has nothing to do with another variable
- Null hypothesis: Variable 1 and Variable 2 are statistically independent
- Rejecting the null hypothesis shows that the variables actually can affect one another.
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Term
What does correlation analysis tell us? |
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Definition
It will show if there is a relationship between an interval and nominal variable by making a linear relationship between the two variables.
Should be completed prior to running a regression on variables. Check for collinearity and make sure that the variables should even be included in the regression. |
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Term
What numbers are associated with correlation analysis? |
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Definition
- Correlation numbers range from -1 to +1
- At or near 0 there is NO relationship between the two variables
- Low correlation is around +/- 0.50
- High correlation close to +/- 1.00
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Term
What is multi-collinearity? |
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Definition
- When the independent variables (X's) are highly collinear together with each other
- When this happens do not include all of the X's in the regression model
- Choose which X to include
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Term
What is conjoint analysis? |
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Definition
Attempt to determine the relative importance consumers attach to saliet attributes and the utilites they attach to the levels of attributes. |
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Term
What is the process to complete conjoint analysis? |
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Definition
Respondents are presented with products with various combinations of attribute levels and are asked to evaluate these products in terms of their desirability. |
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Term
What is a part-worth utility (in terms of conjoint analysis)? |
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Definition
- The utility for a specific level of a particular attribute.
- It designates how much that part of the product or service is worth to the consumer.
- Note that regression analysis usually is used for this step, the coefficients for each of the attributes that are given in the regression output ARE the part worths
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Term
What are importance weights (in terms of conjoint analysis)? |
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Definition
- Note that importance is relative to the other attributes, show which attributes are most/least important
- Importance weights illustrate how much one attribute can contribute to the overall utility - i.e. an attribute cannot effect utility any more than it's maximum value of the importance weight
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Term
What is the importance of conjoint analysis? |
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Definition
- Extremely useful tool in predicting the performance of new products and to help re-designing old products
- In addition, it can be used to determine price elasticity of demand and can help segment the market better
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Term
How do you compute the relative importance of attributes RI(A1)? |
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Definition
A1(maximum part worth - minimum part worth)
Sum of all attributes max-min part worths
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Term
Can the dollar value of attributes be computed using conjoint analysis (i.e. can you determine how much the customer would pay for a product with XYZ attributes)? |
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Definition
Yes, IF:
- One of the attributes tested was price of the overall product
- Determine the range of part worths (max part worth - min part worth)
- That util range is the number of utils that the range in overall price is worth
- Divide the range of overall price by the range of part worths to get $X/1 util
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Term
What are some common mistakes of conjoint analysis? |
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Definition
- Testing too many attributes
- Attribute descriptions are vague or ambiguous
- No pre-test of attributes
- Completed too early, needs to be done way at the end of marketing research
- Convenience sample
- Incorrect attribute levels for competitors
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