Tuesday, February 26, 2013

An overview of marketing research

Lawerence Bailey

 https://www.youtube.com/watch?v=WdQREwSRu7g

descrpitive statistics

http://www.youtube.com/watch?v=KHNJrFNkf74 

 

Basic Descriptive Statistics: Measures of Dispersion

http://www.youtube.com/watch?v=2p2iKSNCqDE

 

 

Professor Paul Green: The Technique of Market Research





http://www.youtube.com/watch?v=C4Rq8G10xOg


Professor Paul Green: The Practice of Market Research  Cluster Analysis


http://www.youtube.com/watch?v=cX88ia-4-6o

How Big Data is Changing Retail Marketing Analytics


http://www.youtube.com/watch?v=R4crrQnBifg

Forrester Webinar - The ABCs of Marketing Analytics


http://www.youtube.com/watch?v=K5q53GYXEqc

Sunday, February 17, 2013

WEEK 5 LECTURE NOTE



What is Qualitative Research? Qualitative research is designed to reveal a target audience’s behavior and thoughts about certain topics and issues. This type of methodology tends to study small groups of people in-depth to uncover, support, or construct a hypothesis. Qualitative Research is descriptive and utilizes data collections methods such as focus groups, individual depth interviews, observations, ethnographies, and online tools such as blogs etc.
Quantitative research is referred to as survey research, qualitative research involves collecting, analyzing, and interpreting data by observing what people do and say.
Data Collection Techniques
·         Observation method-Researcher relies on what he or she rather than communicating with others to get information. There are several types of observations: Direct/Indirect, disguised/undisguised, structured/unstructured and human/mechanical.
·         Direct/indirect- direct observation is observing behavior as it occurs to record. Indirect observation examines the effect or result of the behavior rather the behavior itself this included archives and physical traces.
ü  Achieves are secondary sources such as historical records that can be applied to present behavior.
ü  Physical traces are tangible evidence of some event.
·         Disguised Observation is when the subject is unaware that he or she is being observed. For example mystery shoppers.
·         Undisguised observation is where the respondent is aware that he or she is being observed.
·         Structured/unstructured-structured observation technique is used when the research identify which behavior he or she is observing and recording. A standardized observation tool is constructed.
·         Unstructured observation has no set behaviors a research will observe and record. Usually the observer take field notes on what is interesting and relevant to his or her research question.
·         Human/ mechanical observation- human observers are the researchers, sometimes human observers are placed with an observation device.
Focus Group
·         Focus Groups- are very popular method used in qualitative research. Usually focus groups consist of small group of homogenous (similar) people who come together to discuss an issue. The purpose of these groups is to gain information on relevant to the research problem.
·         There are some disadvantages and advantages to using focus groups. The major advantages of focus groups are that they:
ü  They generate fresh ideas
ü  They allow client to observe participants
ü  They may be direct at understanding a wide variety of issues as reactions to new food product, brand logos, or television ads.
ü  They allow fairly easy access to special respondents group.

·         The disadvantages of using focus groups are that they:
ü  No representative samples
ü  Its can be difficult to interpret the results of focus groups
ü   The cost of participants can be high
ü   
In-depth Interviews
·         Depth interviews are defined as a set of probing questions posed one on one with an interviewer and participant the purpose of this study is to gain an idea of what participants thinks and feels about a certain product or service.

Ethnography Research
·         Ethnography research is a method barrow from anthropologist it is a detail description study of a group and its behavior, characteristics, culture, and so on.