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Compute and report the characteristics of the affinity - based segment for Product 3 ( our candidate as given above ) . Report the characteristics
Compute and report the characteristics of the affinitybased segment for Product
our candidate as given above Report the characteristics in terms of the following
descriptors: IPr, Iin, ICp, ICl, ICn, IBr, IpPr IpPr IpPr IpIn IpIn
IpIn IpCp IpCp IpCp IpClD IpClF IpClE IpCnSl IpCnSp
IpCnLk IpBrA IpBrB IpBrC and the demographics income, age, sports and
gradschl. For this you need to compute the weighted average of all the columns in the
"forclusteranalysis" worksheet, weighted by the probabilities given in column BF of
the "mugsfull" worksheet. You should not do this in Excel directly. You are to load
the data into python or R and compute the weighted averages in R or python; this is to
help you build familiarity with these languages and prepare you better for your job.
Repeat the step above for the product of brand A and the product for brand B
Compute also the overall mean for each descriptor this done by a simple average of
each descriptor across all customers Compute the loglifts for all variables for
the affinity based segment for each product and focus on the large positive and
negative numbers to figure out how each segment is different from the other segments
and the overall population average. You will use these in the next step to come up
with a verbal description that characterizes each segment.
Use your findings from Step above to come up with a verbal description and a
persona story that characterizes each segment. The persona story gives a mental
image to the marketing manager not only in terms of the descriptors in the dataset,
but also in terms of plausible hypothesized characteristics that go beyond the
descriptors available.
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