Market Response Models

As in the first edition, "Market Response Models": integrates technical material with discussions of its relevance to management; provides continuity to a decades-long research stream; illustrates how marketing generalizations are the basis of marketing theory and knowledge; shows how research can be applied to marketing planning and forecasting; and presents original research in marketing. This second edition of "Market Response Models": places much more emphasis on the basic building blocks of market response modelling - markets, data, and sales drivers, through a separate chapter; splits the design of response models into separate chapters on static and dynamic models; discusses techniques and findings spawned by the marketing information revolution such as scanner data; emphasizes new insights available on marketing sales drivers, especially improved understanding of sales promotion; demonstrates methodological developments to assess long-term impacts, where present, of current marketing efforts; includes a new chapter on sales forecasting; adds mini-case histories in the form of boxed inserts entitled "Industry Perspectives", which are primarily written by business executives.