Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Marketing...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
SSRN Electronic Journal
Article . 2003 . Peer-reviewed
Data sources: Crossref
versions View all 2 versions
addClaim

Response Modeling with Non-random Marketing Mix Variables

Authors: Puneet Manchanda; Peter E. Rossi; Pradeep K. Chintagunta;

Response Modeling with Non-random Marketing Mix Variables

Abstract

Sales response models are widely used as the basis for optimizing the marketing mix. Response models condition on the observed marketing-mix variables and focus on the specification of the distribution of observed sales given marketing-mix activities. The models usually fail to recognize that the levels of the marketing-mix variables are often chosen with at least partial knowledge of the response parameters in the conditional model. This means that contrary to standard assumptions, the marginal distribution of the marketing-mix variables is not independent of response parameters. The authors expand on the standard conditional model to include a model for the determination of the marketing-mix variables. They apply this modeling approach to the problem of gauging the effectiveness of sales calls (details) to induce greater prescribing of drugs by individual physicians. They do not assume a priori that details are set optimally, but instead they infer the extent to which sales force managers have knowledge of responsiveness, and they use this knowledge to set the level of sales force contact. The authors find that their modeling approach improves the precision of the physician-specific response parameters significantly. They also find that physicians are not detailed optimally; high-volume physicians are detailed to a greater extent than low-volume physicians without regard to responsiveness to detailing. It appears that unresponsive but high-volume physicians are detailed the most. Finally, the authors illustrate how their approach provides a general framework.

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    249
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 1%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Top 1%
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
249
Top 1%
Top 1%
Top 10%
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!