Marketing Analytics : Tools and Techniques

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Salient Features of the book:

The salient features of the book Marketing Analytics: Tools and Techniques:

  1. Introduction to Marketing Analytics: Establishes a foundational understanding of analytics in marketing, setting the stage for practical applications.
  2. Segmenting Customers: Provides strategies for effectively segmenting customer bases to tailor marketing efforts for enhanced engagement and sales.
  3. Price Skimming Techniques: Explores pricing strategies, including price skimming, to maximize revenue from new products while navigating market dynamics.
  4. Market Basket Analysis: Demonstrates how to analyze purchasing patterns and accessories to optimize product placement and improve sales.
  5. Customer Lifetime Value: Offers tools and methodologies for calculating and maximizing the value of individual customers over their lifespan.
  6. Consumer Preferences Insights: Analyzes consumer behavior to gain deeper insights into preferences, enabling effective product positioning and marketing strategies.
  7. Effectiveness of Pay-Per-Click Ads: Evaluates the performance of PPC campaigns, providing analytics methods to refine ad strategies and improve ROI.
  8. Grouping Countries for Business Decisions: Discusses analytics for grouping countries by business ease, aiding in global market entry and expansion strategies.
  9. A/B Testing for Optimization: Introduces A/B testing frameworks to assess and improve marketing strategies based on real-time consumer responses.
  10. Predicting and Preventing Customer Churn: Focuses on predictive analytics techniques to identify at-risk customers and implement strategies for retention.
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Description

Marketing Analytics: Tools and Techniques is a vital resource for marketing professionals and students navigating the data-driven landscape of modern marketing. This comprehensive guide merges theoretical concepts with practical applications, using accessible tools like Excel and Python to empower readers at any skill level. Authored by a trio of experts, the book addresses the pressing need for clarity in applying analytics to solve real-world marketing challenges.

Each chapter leads readers through a structured process: identifying business problems, selecting analytical techniques, executing steps with clear coding examples, and deriving actionable insights. Covering essential methods such as marketing mix modelling and decision trees, the book integrates real-world use cases to bridge the gap between theory and practice.

Whether you aim to enhance your analytical skills or make data-informed strategic decisions, Marketing Analytics equips you with the techniques necessary to transform data into actionable insights, ensuring success in today’s competitive marketing environment. By fostering a deeper understanding of analytical frameworks, this guide not only enhances your expertise but also inspires innovative approaches to tackling marketing challenges. Embrace analytics and unlock your potential with this essential resource!