A method for measuring and evaluating consumer response for the development of consumer products comprising:
- a. eliciting from consumers in qualitative open-ended interviews descriptors of related items including rational, stereotype and personality descriptors;
- b. including the descriptors in questionnaires and submitting said questionnaires to consumers in qualitative interviews whereby the number of descriptors is reduced by eliminating from consideration descriptors which the responses to such interviews indicate are insufficient as bases for the consumers to distinguish between the items;
- c. eliciting from consumers in quantitative interviews evaluation of the extent to which the non-eliminated descriptors are attributable to each item;
- d. performing a discriminant analysis of the evaluated descriptors whereby a discrimination index of the evaluated descriptors is calculated and whereby descriptors, which provide the most discrimination between items and systematically account for the greatest amount of behavioral variance over 70% among the interviewed consumers, are identified as attributes;
- e. eliciting from consumers using questionnaires in qualitative interviews identification of uses which consumers associate with items;
- f. eliciting from consumers using questionnaires in quantitative interviews evaluations of the extent to which each attribute is attributable to each item for uses associated with the items;
- g. eliciting from consumers using questionnaires in quantitative interviews attribute evaluations of the extent to which each attribute ideally should be possessed by an item for uses associated with the items;
- h. eliciting from consumers evaluation of purchase interest, for each item when used for uses associated with the items, using questionnaires in quantitative interviews;
- i. eliciting from consumers using questionnaires in qualitative interviews identification of potential purchases for uses associated with the items;
- j. performing an independence factor analysis of the attributes whereby clusters of related attributes are formed;
- k. performing with respect to each use associated with the itemsy a squeeze analysis, iteratively according to St. James Theorum, of the attributes whereby (i) a matrix is created wherein points representing each item and the ideal item are plotted based upon the attribute evaluations associated with each respective item and (ii) an importance weight is assigned to each attribute by adjusting the scale used to measure each attribute evaluation in the matrix which adjustment relocates the position of each point on the matrix to obtain the closest fit of the Euclidean distances between the points on the matrix representing each item and the point representing the ideal item to the purchase interest for the respective item;
- l. computing for the evaluations elicited from each consumer a purchase elasticity curve defined by points on a graph which are plotted with respect to the relative proportions which the purchase interest for each potential purchase bears to the sum of purchase interests for all potential purchases on the vertical axis and the Euclidean distances between the points on the squeezed matrix representing each potential purchase and the point representing the ideal item on the horizontal axis;
- m. calculating a purchase probability for each item by summing among consumers the proportions of purchase interest associated with each item as a potential purchase;
- n. determining the propensity of a given change in an attribute evaluation to effect a change in the purchase interest associated with each potential purchase relative to the concomitant change in the purchase interest associated, with each other potential purchase, respectively, whereby a propensity weight is assigned to the attribute evaluation for each consumer which corresponds to slope of the portion of the purchase elasticity curve computed with respect to said consumer falling between the two points on said curve which represent the potential purchase with respect to which the propensity to change is being determined.
- o. measuring the change in the purchase probability for each item which results from a given percent change for all consumers in an attribute evaluation for a given item whereby (i) concomitant percent adjustments in other attribute evaluations are for each consumer calculated in proportion to the degree to which said attribute evaluations respectively correlate to the changed attribute evaluation, (ii) said changes and adjustments are modified in accordance with the importance weights and propensity weights assigned to each attribute evaluation respectively and (iii) the modified changes and adjustments associated with each item are summed for all consumers.