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INTERPRET MARKETING INFORMATION TO TEST HYPOTHESES AND/OR TO RESOLVE ISSUES. INDICATOR 3.05

Indicator 3.05

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Indicator 3.05. Interpret marketing information to test hypotheses and/or to resolve issues. Need for physical inspection of paper-based marketing data. If errors are caught early, they can be corrected. Look for standardizations and continuity - PowerPoint PPT Presentation

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Page 1: Indicator 3.05

I N T E R P R E T M A R K E T I N G I N F O R M A T I O N T O T E S T H Y P O T H E S E S A N D / O R T O R E S O LV E I S S U E S .

INDICATOR 3.05

Page 2: Indicator 3.05

NEED FOR PHYSICAL INSPECTION OF PAPER-BASED MARKETING DATA

• If errors are caught early, they can be corrected.• Look for standardizations and continuity• Missing values/nonuniform data entry which means

changing the value or formula of the response codes.• Make sure information exists as required• Data may not be presented in the form needed for

further analysis• ie • incomplete responses (skips questions)• data entry error (wrong entry/answer; recorded improperly –

choice is B but entered as C)• Inconsistencies in responses

Page 3: Indicator 3.05

QUESTIONS TO ASK WHEN SCREENING INITIAL DATA

• Where did the data come from?• Who did research?• Who is source?

• Have the data been peer reviewed?• Professionals have looked at the study before it was published and

concluded that the study’s authors pretty much followed the rules of good scientific research

• How were the data collected?• If survey, were the respondents selected at random?• No cherry picking (selecting an area you know will give you the

answers you hope for)• Be skeptical when dealing with comparisons• A correlation (relationship) DOES NOT mean causation

• Be aware of numbers taken out of context• Numbers picked to look interesting may mean something entirely

difference once it is placed in a different context

Page 4: Indicator 3.05

ACTIONS THAT CAN BE TAKEN WITH INCOMPLETE RECORDS

• Cleanse the data which includes dropping problematic data.• If caught early and still in field, can correct at once• Recontact/reinterview respondent• Check responses for each question as interview progresses•Drop incomplete data from survey (in part or in full)

Page 5: Indicator 3.05

REASONS FOR DATA ENTRY ERRORS THAT LIMIT THE USE OF MARKETING RESEARCH DATA

•Wrong entry•Failure of data entry technology•Information is not recorded properly

Page 6: Indicator 3.05

REASONS THAT QUESTIONABLE ENTRIES ARE FOUND IN RAW MARKETING RESEARCH DATA

•Honesty•Inconsistencies in responses

Page 7: Indicator 3.05

ROLE OF CODING IN PROCESSING MARKETING DATA

• Procedure converts the edited raw data into numbers or symbols• Code book is created• Identifies all of the variable names and numbers associated with each possible response to each question

Page 8: Indicator 3.05

GENERALLY ACCEPTED CODING PRINCIPLES

• Specify categories/classes• ie Male = M or 1 Female = F or 2

• Locate only one character in each column• Use only numeric codes• Use as many columns for fields assigned to

variables• Use standard coded for no information• ie No answers = 9

• Code in respondent ID on each record• to tie coded data to questionnaire

Page 9: Indicator 3.05

IMPORTANCE OF EDITING CODED INFORMATION

• Must have systematic procedure for assessing the questionnaires developed by the research analyst

• Cleary defined decision rules should be in place and followed

• MUST not allow subjectivity to enter into editing process• Data editors should be intelligent, experienced, and

objective

Page 10: Indicator 3.05

DATA-ENTRY OPTIONS

• On-line direct data entry• Computer Assisted Telephone Interviewing (CATI)• interviewer is sitting behind a terminal and asks the

questions that appear on the screen. The respondent's answer is then typed into computer by the interviewer.

• Optical scanning• For highly structured questionnaires

• Keyboarding• Data entry via a computer keyboard; requires verification

Page 11: Indicator 3.05

PAPER-BASED MARKETING INFORMATION VS.

COMPUTER-BASED MARKETING INFORMATION

• Computer based software saves time and money.• The programs have error checking built in to

prevent common errors.• The availability of the item bank makes it easier

to build questionnaires.

Page 12: Indicator 3.05

IMPORTANCE OF USING A CODEBOOK TO DESCRIBE DATA AND TO INDICATE WHERE AND HOW THEY

CAN BE ACCESSED

• Shows each question in the questionnaire• Shows the variable name and label • Shows the variable type, values and value labels.

Page 13: Indicator 3.05

DATA ANALYSIS

• After data is collected it must be analyzed so that conclusions can be made.• Data summarization: is the process of describing

a data set by computing a small number of measures that explain the data set

Page 14: Indicator 3.05

PURPOSE OF DATA SUMMARIZATION

• Summarizes the data•Make the data understandable• Communicates patterns• Shows how the sample findings relate to the overall population

Page 15: Indicator 3.05

WHAT IS DESCRIPTIVE STATISTICS?

• Descriptive statistics are used simply to describe the sample you are concerned with.• Descriptive statistics use measures of central

tendency to explain data.

Page 16: Indicator 3.05

WHAT IS CENTRAL TENDENCY?

• A measure of central tendency is a measure that tells us where the middle of a bunch of data lies. It explains where data falls. • The three most common measures of central

tendency are the mean, the median, and the mode.

Page 17: Indicator 3.05

MEAN

• It is simply the sum of the numbers divided by the number of numbers in a set of data. • This is also known as average.• Ex. What is the mean number of brothers and

sisters?• The responses are as follows: 2, 3, 1, 0, 9, 2, 3, 2,

4, 2.• 2.8

Page 18: Indicator 3.05

MEDIAN

• The median is the middle score in a distribution of scores that have been ranked in numerical order.• What is the median number of brothers and

sisters?• The responses are as follows: 2, 3, 1, 0, 9, 2, 3, 2,

4, 2.• 2•  A disadvantage of the median is if there is a

large set of numbers, it would be time consuming to place each in order of size

Page 19: Indicator 3.05

MODE

• The mode is the most frequently occurring score in a set of scores. • Ex. A researcher is interested in the effect of

family size on self-esteem. To begin this study, 10 students are each asked how many brothers and sisters they have. The responses are as follows: 2, 3, 1, 0, 9, 2, 3, 2, 4, 2. What is the mode for this set of data? • 2

Page 20: Indicator 3.05

WHEN TO USE THE MEAN, MEDIAN, AND MODE

The mean can be used to find an average/ typical number. Use the mean when numbers are closely related. If however, the numbers are very widely spread, are very unevenly distributed, or contain extreme values, e.g. 9, 10, 13, 17, 23, 30, 45; or a hundred values of 10 and one value of 50 then the mean can be misleading,.

Use the median if looking for the central point.Mode – When you want to determine the most

common response

Page 21: Indicator 3.05

WHEN DO YOU USE MEASURES OF VARIABILITY?

• Measure of variablity are used when the researcher wants to know the extent to which the data set differ from one another.• Range, and Standard Deviation are computations

for measuring variability.

Page 22: Indicator 3.05

RANGE

The range is the difference between the highest and lowest scores in a distribution.

A social researcher would like to know how many digits people in different age categories can recall with only one presentation of a list. She creates random lists of digits and presents them to participants. The number of digits recalled by the first 10 participants is as follows: 5, 9, 6, 10, 9, 7, 8, 7, 9, 12. What is the range of this data set?

7

Page 23: Indicator 3.05

STANDARD DEVIATION

• The standard deviation is a measure of how spread out your data are. How far away is the data from the average.