Conjoint Analysis and Discrete Choice
Conjoint—or discrete choice analysis—overcomes these problems. Rather than directly asking consumers or customers what is important or how much they will pay, conjoint analysis presents people with a series of competing, attractive offers in a carefully designed experiment. The trade-offs people make when choosing among the offers reveals the features that are most important and the prices they will pay. Conjoint analysis is a more accurate predictor of actual behavior in the marketplace than other methods, such as asking for importance or willingness to pay.
Our approach to conjoint rests upon groundbreaking academic research conducted by the Applied Marketing Science (AMS) team and tested in the real world—where multimillion-dollar decisions are at stake and errors are irreversible. We bring this expertise and attention to detail to all of our conjoint studies. We conduct conjoint analysis on products ranging from everyday household consumer items to more complex and technical products, such as power tools.
Our reports go beyond just delivering data. We interpret the findings, telling you the features that will perform best in your market and how much consumers will pay for them.
Product features and pricing are too important for you to get wrong. Conducting conjoint analysis with us ensures you get them right.
Measure Feature Utility
Identify the most critical features to include in a new or existing product
Assess Market Share
Measure take rate at various price points and predict any potential canibalization
Learn more about how conjoint can answer your important questions.