It doesn’t just tell you what customers like—it reveals how much they value each feature.
Used in:
✔️ Airlines: Legroom vs. Ticket Price vs. Wi-Fi
✔️ Smartphones: Camera Quality vs. Battery Life vs. Price
✔️ Streaming Services: Ad-free vs. More Content vs. Lower Cost
It doesn’t just tell you what customers like—it reveals how much they value each feature.
Used in:
✔️ Airlines: Legroom vs. Ticket Price vs. Wi-Fi
✔️ Smartphones: Camera Quality vs. Battery Life vs. Price
✔️ Streaming Services: Ad-free vs. More Content vs. Lower Cost
With these insights, businesses can refine products, pricing, and marketing based on what actually drives customer choices.
Example: A phone brand can decide whether to focus on battery life or camera quality.
With these insights, businesses can refine products, pricing, and marketing based on what actually drives customer choices.
Example: A phone brand can decide whether to focus on battery life or camera quality.
Advanced models (like Hierarchical Bayesian or Logit models) analyze responses to determine:
✅ The relative importance of each feature
✅ How much customers are willing to pay for each attribute
Advanced models (like Hierarchical Bayesian or Logit models) analyze responses to determine:
✅ The relative importance of each feature
✅ How much customers are willing to pay for each attribute
Surveys gather data from a representative sample. Instead of ranking preferences, consumers make real-world trade-offs—revealing what matters most.
Surveys gather data from a representative sample. Instead of ranking preferences, consumers make real-world trade-offs—revealing what matters most.
Customers see different product combinations & must pick their preferred option.
Example: A travel company may ask:
✈️ Option A: $200 ticket, extra legroom, no Wi-Fi
✈️ Option B: $180 ticket, standard legroom, free Wi-Fi
Customers see different product combinations & must pick their preferred option.
Example: A travel company may ask:
✈️ Option A: $200 ticket, extra legroom, no Wi-Fi
✈️ Option B: $180 ticket, standard legroom, free Wi-Fi
• Attributes = Product features (e.g., price, battery life, screen size).
• Levels = Variations of each attribute (e.g., price: $599, $799, $999).
These define what customers will compare.
• Attributes = Product features (e.g., price, battery life, screen size).
• Levels = Variations of each attribute (e.g., price: $599, $799, $999).
These define what customers will compare.