Decision models or descriptive models?
This paper contrasts a classic example of a logit decision model with a widely used descriptive model, the Dirichlet. Decision modeling, reviewed by Leeflang and Wittink in this issue of IJRM, aims to help make marketing-mix decisions. However, we have serious doubts about this sort of modeling: its...
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Veröffentlicht in: | International journal of research in marketing 2000-09, Vol.17 (2), p.147-158 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | This paper contrasts a classic example of a logit decision model with a widely used descriptive model, the Dirichlet.
Decision modeling, reviewed by Leeflang and Wittink in this issue of
IJRM, aims to help make marketing-mix decisions. However, we have serious doubts about this sort of modeling: its inputs, its outputs, its assumed causality, and its frequent lack of empirically grounded predictability. It also seems to seldom really take account of already well-established marketing knowledge.
In contrast, descriptive modeling more simply aims to depict actual or potential marketing knowledge, and to apply it. Such modeling often deals with marketing-mix factors separately instead of attempting to do so in one overall model. |
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ISSN: | 0167-8116 1873-8001 |
DOI: | 10.1016/S0167-8116(00)00018-5 |