Some business managers and marketing executives mistakenly believe that “big data” will deliver better insight because of the sheer volume of data now at our disposal. Now we just need the statisticians, the computing power, and the analytics software to sift through it all, right? Not so. The truth is, for most purposes you don’t…
“Mere color, unspoiled by meaning, and unallied with definite form, can speak to the soul in a thousand different ways,” wrote Oscar Wilde in The Critic as Artist. That’s just the problem for market research and consumer behavior. Few design aspects of products, packages, brands, logos, advertising, and environments are more subjective than color. Which…
As we begin the New Year 2013 (and as Versta Research enters its fifth year in business!) my colleagues and I are thinking less about the hottest trends that dazzle, and more about a few rock-solid resolutions for the market research industry that would make research more valuable, relevant, and useful compared to last year,…
If there is one super important lesson to be learned from this year’s round of election polling, it is that online surveys work. Google Consumer Surveys, which use non-probability online samples, predicted the election far better than Gallup did. And online surveys, overall, outperformed telephone surveys. The New York Times’ Nate Silver compiled polling results…
An extremely useful chart rarely used by market research professionals is a mekko chart, sometimes referred to as a marimekko chart. It is a stacked bar chart, but (1) the width of the bars varies in a meaningful way and (2) they are lined up next to each other. Usually the bars vary in width…
I have never been a media poll watcher or politics junkie who tracks every new poll saying which candidate is favored to win. It is hard to see the point of spending so much time and money predicting the outcome of an event that will be known with certainty within a matter of days, weeks,…
What IS a credibility interval, you ask? It is a term making its way into mainstream market research just as Bayesian statistics are making their way into market research. A credibility interval provides a range of values, calculated using Bayesian statistical techniques, within which a statistical estimate is likely to fall. It is analogous to…
Six months ago Google launched an intriguing new way to conduct cost-effective surveys that offers an alternative to omnibus surveys. One or two easy survey questions are presented to online users as they seek access to high quality media sites. They gain free access in exchange for answering the survey questions. Google tracks how many…
Fifteen years ago the U.S. Census Bureau removed “Hispanic” from its question about race and instead created a stand-alone question to assess Hispanic ethnicity. It’s the reason we often advise our clients to ask about race and ethnicity separately, using questions similar to the Census Bureau’s, which are shown in Figure 1. Well, chances are…
During a presidential election year there is no escaping the flurry of public opinion polling and the intense scrutiny that surveys get from the media. But love it or hate it, there are excellent reasons to pay close attention to this year’s political polling.