This article describes an application of factorial design and analysis to a pricing experiment. The general approach appears promising for marketing experimentation involving multiple factors, particularly those in which factor interactions are anticipated.
Get full access to this article
View all access options for this article.
References
1.
Seymour Banks, Experimentation in Marketing, New York: McGraw-Hill Book Co., 1965.
2.
BlissCharles I., Statistics In Biology, Volume One, New York: McGraw-Hill Book Co., 1967.
3.
CoxDavid R., Planning of Experiments, New York: John Wiley & Sons, Inc., 1958.
4.
DaviesOwen L., ed., The Design and Analysis of Industrial Experiments, London: Oliver and Boyd, 1956.
5.
GreenPaul E. and FrankRonald E., A Manager's Guide to Marketing Research: Survey of Recent Developments, New York: John Wiley & Sons, Inc., 1967.
6.
SnedecorGeorge W. and CochranWilliam G., Statistical Methods, Ames, Iowa: The Iowa State University Press, 1967.