Marketing analytics

Goal

  1. To familiarise students with marketing analytics, the advantages of an analytical approach to decision-making, and the most commonly used quantitative marketing analyses in practice,
  2. To develop an understanding of available data, its use, and limitations in marketing analytics,
  3. To qualify students for the independent recognition and application of adequate data analysis methods in solving specific business problems and for generating reports based on that data,
  4. To improve students' technological skills, as well as their analytical and critical thinking.
Additional info

1. Introduction to marketing analytics
2. Data processing fundamentals in Excel: pivot tables and data visualization
3. Consumer analytics
3.1. Segmentation and target market selection (cluster analysis and cross-tabulation analysis)
3.2. Calculation of market segment profitability
3.3. Customer lifetime value (CLV)
3.4. Customer retention rate
4. Marketing mix analytics
4.1. Product
4.1.1. Product trend and seasonality forecasting
4.1.2. Conjoint analysis
4.1.3. Expected product profit
4.1.4. Product brand equity
4.2. Price
4.2.1. Estimation of price elasticity of demand
4.2.2. Quantitative pricing methods
4.3. Distribution and sales
4.3.1. Distribution metrics
4.3.2. Sales forecasting methods
4.3.3. Calculation of return on sales
4.4. Promotion
4.4.1. Advertising budget estimation
4.4.2. Advertising effectiveness measurement
5. Digital marketing analytics
5.1. Web analytics
5.2. Social media analytics
5.3. Email analytics

There are no listed course associates.
Lectures: 15
Seminars: 0
Exercises: 15
  1. To select appropriate data analysis tools for solving specific marketing problems,
  2. To create and present reports based on independently analysed data, using data visualisation,
  3. To critically evaluate potential marketing decisions and predict the possible consequences of specific marketing decisions based on independently analysed data,
  4. To recommend marketing strategies based on independently analysed data.
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