MKT 500 Chapter Notes - Chapter 3: Longitudinal Study, Test Market, Random Assignment

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Research design: set of advance decisions that makes up the master plan, specifying the methods and procedures for collecting and analyzing the needed information. Once the problem and the research objectives are known, the researcher selects a research design. Descriptive research: undertaken to describe problems of who, what, where, when, and how: cross-sectional studies: measure units from a sample of the population at only one point in time. Sample surveys: samples are drawn to represent a specific population. Also used to test proposed advertising: longitudinal studies: repeatedly measure the same sample units of a population over a period of time. Panels represent same units who have agreed to answer questions at periodic intervals. Continuous panels: ask panel members the same questions over a period of time. Discontinuous (or omnibus) panels: vary questions from one panel measurement to the next. Market tracking studies: measure some variable(s) of interest.

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