quantitative
methodologies
Choice Modelling - Conjoint Analysis
Forethought recognises that predicting consumer behaviour via satisfaction ratings of behavioural drivers can be extremely effective. However, Forethought also recognises that product choices in the ‘real world’ are rarely clear-cut. In choosing one product or service over another, consumers encounter a complex series of decisions, balancing product/service attributes and price.
Conjoint Analysis is a quantitative research technique used to understand buyers’ preferences and the value placed on various product attributes in their purchase decision-making. Conjoint Analysis goes beyond single-factor attribute measurements, as it evaluates the ‘trade-offs’ that individuals make by studying the joint effect of multiple attributes of a product simultaneously.
Forethought has effectively applied Conjoint Analysis to many strategic research projects and Forethought retains the services of Professor Harmen Oppewal, an internationally renowned expert in the technique.

