Versta Research Post

A Better Way to Scale MaxDiff Utilities

MaxDiff is a survey method used to measure the importance of product features.  Subsets of features are presented, and respondents are asked to select which feature is most important and which feature is least important.  Its advantage over other techniques is that by forcing a choice from among multiple features, it more strongly differentiates the…

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Three Mistakes to Avoid on Data Charts

Turning data into stories involves not just words, but pictures as well.  In the world of quantitative market research, that usually means charts, graphs, and tables.  Moreover, just like poorly written sentences that often complicate rather than clarify data, charts and graphs in market research too often suffer from “chartjunk,” as Edward Tufte calls it. …

Versta Research Post

Pigeons Beat People on Probability Problems

The hardest part of quantitative market research is not that it involves numbers, math, or even statistics, but that it involves complex problems in probability. Over the past several years, psychologists have been documenting how difficult it is for us humans to solve even “simple” probability problems.  One fascinating example is a puzzle known as…

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Top 5 Picks: Best Articles on Market Research

Versta Research just hit a magic number: 100.  That’s the number of articles we have written to help our clients and their colleagues keep abreast of important trends in market research.  If your market research supplier is not providing ongoing thought leadership in design, methods, and analytics, then what are the chances they are bringing…

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Fifteen Basics of “Brand Smart” Research

This past week the American Marketing Association in Chicago held its 2011 annual BrandSmart conference, bringing together top-level marketers from companies such as Groupon, Motorola, Allscripts, Cars.com, Deloitte, Coldwell Banker, Accenture, Hospira, Walgreens, Blue Cross Blue Shield, Grainger, Morningstar, and many others, all of whom shared the newest strategies and case studies for brand building…