Key Advantages of RDE
- The structure of RDE imposes the discipline of thinking resulting in a higher success rate than other methods. Many users report that just preparing for RDE (seven steps above) helps them to better understand the problem and find possible solutions.
- Individual models for each respondent allows for more robust and rich data to generate rules. Some of the advantages of individual models include:
- Pattern-based discoveries (Step 6, segmentation) to generate rules for more targeted optimization (also called attitudinal segmentation or latent segments)
- Simulate market share and choice analysis
- Discover any and all meaningful pair-wise interactions between the elements
- Analyze how one element ‘drives’ responses to another element using scenarios (e.g., in case of a category containing brands names, the researcher can compare the utilities of other elements when each of the brands are kept constant).,
- RDE uses a variation of dummy variable regression to estimate the absolute values of the utilities, which in turn allows databasing the result for tracking the consumers’ minds and easy comparison of the utilities across the categories.
Read more about this topic: Rule-developing Experimentation
Famous quotes containing the words key and/or advantages:
“Power, in Cases world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldnt kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.”
—William Gibson (b. 1948)
“If the minds of women were enlightened and improved, the domestic circle would be more frequently refreshed by intelligent conversation, a means of edification now deplorably neglected, for want of that cultivation which these intellectual advantages would confer.”
—Sarah M. Grimke (17921873)