One of the devilish problems with statistics in market research is that we deal with probabilities rather than simple yes/no answers. But you, as a business person, need to make clear-cut decisions: Should you launch the product, yes or no? Which one name should you choose for your new service? Which three areas should you…
Election season polling always highlights the danger of bad pollsters giving the market research and polling industry a bad name. While there are lots of reasons that polls might predict outcomes incorrectly (polling is far more difficult and risky than many people think) there is no excuse for deliberately bad pollsters making up data to…
One of the cool things about social science and marketing research is that it brings together mathematics and human behavior. Mathematics is beautiful, elegant, and abstract. It is much like art. Human behavior is messy, contradictory, and frustrating, desperately in need of a way to make sense of it. Bringing the two together – turning…
If you crave a deep understanding of why your customers choose one product, concept, or message over another, you might be thinking that deep-dive qualitative research is best. Possibly it is, but you should also be considering a research method at the opposite end of the spectrum: conjoint analysis. Conjoint analysis is one of the…
A good friend and client likes to joke during every project: “Remember Joe, correlation does not imply causation.” Well, I thought she was joking. Surely everybody with a job in marketing research knows this? Apparently not. Even professors at fancy business schools seem to forget it, as evidenced by this snippet of an article a…
Communicating statistics is sometimes harder than doing statistics. While statistics is all about formulas and logic and precision, words and sentences are all about communicating layers of meaning that are often ambiguous and nuanced. For this reason we often recommend a quick, online refresher course called “Math for Journalists” for our PR, marketing, and journalism…
I’m not sure if this cartoon is funny because I don’t really get it. But it was interesting enough that I started thinking about the null hypothesis, and what it means, and how statistics is changing so quickly that “the null hypothesis” we learned about in our classes may soon feel like an odd artifact…
We love this cartoon because it raises such interesting issues about probability and prediction in market research. Here’s a quiz. Suppose you own a retail store and want us to help predict which customers that come through the door will buy. You want to focus your sales efforts on the best prospects. We do our…
I’m always inspired by this video from Vi Hart, who describes herself as a “mathemusician.” She doodles and draws, finds numeric patterns and insights as she does it, and weaves interesting (and funny) stories around those insights.
We came across these images in a series of humorous montages that professionals had created about what they do. This one was created by Jason Sullivan.