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- W4297916514 abstract "The primary aim of market segmentation is to identify relevant groups of consumers that can be addressed efficiently by marketing or advertising campaigns. This paper addresses the issue whether consumer groups can be identified from background variables that are not brand-related and how much personality vs. socio-demographic variables contribute to the identification of consumer clusters. This is done by clustering aggregated preferences for 25 brands across 5 different product categories, and by relating socio-demographic and personality variables to the clusters using logistic regression and random forests over a range of different numbers of clusters. Results indicate that some personality variables contribute significantly to the identification of consumer groups in one sample. However, these results were not replicated on a second sample that was more heterogeneous in terms of socio-demographic characteristics and not representative of the brands' target audience." @default.
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- W4297916514 date "2017-04-04" @default.
- W4297916514 modified "2023-09-24" @default.
- W4297916514 title "Using clustering of rankings to explain brand preferences with personality and socio-demographic variables" @default.
- W4297916514 doi "https://doi.org/10.48550/arxiv.1704.00959" @default.
- W4297916514 hasPublicationYear "2017" @default.
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