Quantitative analysis Fall 2022 September 15th Secondary data: what already exist. Primary data that is already gathered, already have been collected for purposes other than the problem at hand. The data can be located quickly and inexpensively. There are problems in secondary data. The data may not be suitable for the use in mind. The data may not be current: people and businesses change. Opinions and views change rapidly. How long ago it was gathered can make a big difference. Secondary data have 2 groups: internal or external data. - Internal is available right here right now for free. - External data is September 20th First reactions- System 1 Thinking- System 2 The unconscious level- consumers often know brand they want before engaging in conscious decision- making process Information search- Post realization Stimulus outside persons conscious awareness can trigger automatic responses. Peaceful music- Consumers Move Slower and Spend More Money. Mere exposure Effect Subliminal Stimuli- Trying to appeal to the consumer visually. Presenting information subconical Peripheral Stimuli- thinks you actually see, but don’t consciously register The working memory uses 1-2 minutes to interoperate the information, then determine where to store the information. Affective reactions - Immediate affect- emotions automatically, effortlessly activated in response to stimulus - Deliberate affect- emotions that arise gradually Marketing research Implications- capture primary, pre-cognitive emotions elicited automatically, beyond an individual’s control Explicit- directly tell you about how toy fell or why you do something Implicit- The unconsciousness September 22nd