Intent scale translation is a mathematical technique used by marketers to convert stated purchase intentions into purchase probabilities, that is, into an estimate of actual buying behaviour. It takes survey data on consumers purchase intentions and converts it into actual purchase probabilities.
A survey might ask a question using a five-point scale such as :
A marketing researcher will first assign numerical values to these intention categories. If the numbers range form zero to one, they can be thought of as intent probabilities. This is a typical example:
- definitely -> .99
- probably -> .75
- maybe -> .5
- probably not -> .25
- definitely not -> .01
Next, the researcher uses a predefined functional relationship to convert the stated intentions into estimates of actual purchase probabilities. The diagram that follows illustrates one such translation function. If a survey respondent were to choose a response of “definitely” and an intent probability of .99 was assigned to that category, then the actual probability of purchase could be read off the vertical axis. The translation function gives a value of about .8, indicating the specifiers of the function feel that not all people that claim they definitely intend to purchase will actually purchase.
Intent Translation
If a survey respondent were to choose a response of “probably not” and an intent probability of .25 was assigned to that category, then the actual probability of purchase could be read off the vertical axis as .35, indicating the specifiers of the function feel that some people that claim they probably will not purchase will actually purchase.
Other purchase intention/rating translations include logit analysis and the preference-rank translation.
See also : marketing research, New Product Development, marketing, preference regression, quantitative marketing research
Famous quotes containing the words intent, scale and/or translation:
“The fact that white people readily and proudly call themselves white, glorify all that is white, and whitewash all that is glorified, becomes unnatural and bigoted in its intent only when these same whites deny persons of African heritage who are Black the natural and inalienable right to readilyproudlycall themselves black, glorify all that is black, and blackwash all that is glorified.”
—Abbey Lincoln (b. 1930)
“With a defeated joy,
With an auspicious, and a dropping eye,
With mirth in funeral, and with dirge in marriage,
In equal scale weighing delight and dole.”
—William Shakespeare (15641616)
“Whilst Marx turned the Hegelian dialectic outwards, making it an instrument with which he could interpret the facts of history and so arrive at an objective science which insists on the translation of theory into action, Kierkegaard, on the other hand, turned the same instruments inwards, for the examination of his own soul or psychology, arriving at a subjective philosophy which involved him in the deepest pessimism and despair of action.”
—Sir Herbert Read (18931968)