Given the advancements in electronics and technology, companies have access
to enormous quantities of consumer behavior data. However, sifting through vast
datasets can be daunting.
A wide variety of quantitative methods can identify factors affecting consumer
behavior. Comparisons of various promotions and marketing campaigns are
performed to maximize ROI.
Ultimately, the effectiveness of various marketing campaigns on specified
demographics is essential for pricing the campaigns and targeting fruitful
prospects.