Description
Overview and Rationale
To consolidate you theoretical knowledge into technique and skills with practical and applicable value, you are asked to analyze a dataset using methods presented in this course.
Report
The report should include the following elements:
Introduction
Introduce the goals of the project, the question that needs to be answered and the methods used in your analysis. Be sure that the goals, questions and methods used fit together, meaning, questions asked reflect the goals and the methods used will answer the questions.
Methods
You must use at least 2 methods presented in this course. Explain why your chosen methods were appropriate and the data involved in our analysis. Be as specific as possible.
Format
Your assignment/project should It also should follow APA format with at least 7,50 words (excluding title page and references page) and references page.
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Explanation & Answer
Please see the answer attached below in which I expounded the introduction, methodology and analysis sections and let me know in case you have a question. Thank you
Running head: FINAL PROJECT
ALY6015 Final Project:
Name:
Institution affiliation:
Date:
FINAL PROJECT
2
I.
Introduction
Currently, every industry includes highly competitive companies. Therefore,
companies are in need of strategies that will give them a competitive advantage in the market.
The strategies are usually geared towards enabling companies to attract and retain the target
customers as they seek to achieve their objectives and long-term goals. Specifically,
companies seek to increase their market share to increase their revenue and net earnings.
Strategies that companies use to gain a competitive advantage in the market include
cost-effective or differentiation strategies (Mikhailov, 2019). However, prior to deciding on
the best strategy the company should adopt as it seeks to thrive in the market, it is of the
essence for a company to understand the target customers' needs. In turn, the company ends
up being in a position where it can address the needs and be able to attract and retain
customers. Customer needs are usually communicated to companies via customer feedback.
Analysis of customer feedback to ascertain their needs and wants is usually a tedious and
costly process for most companies (Timoshenko & Hauser, 2017). It is for this reason that
companies are in need of virtual market intelligence that will enable companies to easily
determine their needs and wants. In this project, PersonaPanels, a consumer research
company offering a truly innovative approach to market learning, was analyzed.
PersonaPanels combines machine learning with traditional market research to explore
a new frontier in virtual market intelligence. Through the cre...