Assessor Model (Silk and Urban 1978) • A pretest market model; • Giving market share projection for the new brand and the source of the new brand’s share; • Use both trial-repeat and preference models; • Adopting a research design combining laboratory and use test. Assessor Research Design Design Procedure Measurement O1 O2 Respondent screening Target-group criteria X1 O3 Exposure to ad Premeasurement for established brands Responses to Ad Relevant set, attribute weights, ratings and preferences Assessor Research Design Design Procedure Measurement O4 X3 O5 Brands purchased purchase Opportunity Home Use Post-usage Measurement new brand usage rate, satisfaction, repeat purchase propensity, attribute ratings and preferences Likability and Believability Long-Run Trial Trial –Repeat Model Parfitt and Collins ( 1968) M(t)=TS M: ultimate market share T: ultimate penetration rate S: ultimate repeat rate among triers T=FKD+ CU those who try • • • • • -(FKD)(CU) those sampled adjustment for double counting F: long-run trial rate conditional on K and D; K: long-run prob.of awareness; D: long-run prob.of availability; C: prob.of consumer receiving sample U: prob.of that a consumer who receives sample uses it 1 Preference Model Repeat Rate S S = Pi ( j ) = q(k , z ) 1 + q(k , z ) − q( z, z ) q( k,t ) : Prob.[switch from k to the new band t] q( t,t ) : Prob.[ repeat purchase of t ] q(k, t) and q(t,t) are estimated from O5 Preference Model (Cont’d) mi ( Ai (t )) + ∑ ( Ai (k )) b b Draw and Cannibalization Estimates Two subgroups • Those include t in their evoked set; • Those do not include t in their evoked set ∑ P (j)=prob.that consumer i chooses brand j, Vi(k)= brand preference for brand k, k=1,..j,..m mi =number of brands in i’s relevant set, b = parameter to be estimated i i Preference Model (Cont’d) M (t ) = ∑ L (t ) i =1 i N M(t) : estimated market share for brand t E(t) : proportion of consumers evoking the new brand t N : # of consumers measured Draw and Cannibalization Estimates (Cont’d) M ( j ) = E (t ) M ( j )'+ (1 − E (t )) M ( j )' ' ( Li ( j )) M(j): the expected market share for brand j after the introduction of the new brand t; N ∑ M ( j )' ' = b i N Li(t)= prob.that i chooses brand t after trying it t = index for the new brand k = index for established brands Ai(j)=i’s estimated preference for brand j after trying new brand, j=1, 2,…mi, t M ( j )' = k =1 E (t ) k =1 i∈r ( j ) mi ∑ (V (k )) ( Ai (t )) b Li (t ) = (Vi ( j )) b i∈ r ( j ) ( Pi ( j )) Draw from brand j= M(j)’’- M(j) N 2 Two Contributions • Convergent Methodology (1) Trial-Repeat Model (2) Preference Model • Pretest-Market Evaluation Urban and Katz (1983) • Report on 44 products that had used ASSESSOR and gone to test market; • The actual average test market share was 7.16% • The average predicted by ASSESSOR was 7.15% (s.d. 1.12% ) • Benefit-Cost Ratio = 6:1 (assuming $50,000 investment) 3