Marketing Analytics

Goal

  1. To introduce students to 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, their use, and limitations in marketing analytics;
  3. To enable students to independently identify and apply appropriate data analysis methods in solving specific business problems and to prepare reports based on those data;
  4. To enhance students’ technological skills as well as their analytical and critical thinking.
Additional info

1. Introduction to Marketing Analytics
2. Basics of Data Processing in Excel: Pivot Tables and Data Visualization
3. Consumer Analytics
3.1. Segmentation and Target Market Selection (Cluster Analysis and Cross-tab Analysis)
3.2. Calculating Market Segment Profitability
3.3. Customer Lifetime Value (CLV)
3.4. Customer Retention Rate
4. Marketing Mix Analytics
4.1. Product
4.1.1. Forecasting Product Trends and Seasonality
4.1.2. Conjoint Analysis
4.1.3. Expected Product Profitability
4.1.4. Brand Equity
4.2. Price
4.2.1. Estimating 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. Return on Sales (ROS) Calculation
4.4. Promotion
4.4.1. Advertising Budget Estimation
4.4.2. Measuring Advertising Effectiveness
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 visualization;
  3. To critically evaluate potential marketing decisions and predict possible consequences based on independently analysed data;
  4. To recommend marketing strategies based on independently analysed data.
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