Abstract

Conjoint analysis is a statistical method in which consumer preferences are decomposed in order to evaluate: utility function for each attribute, importance of each attribute, market shares simulations and segmentation of consumers. There are many different computer programs that can be applied for conjoint analysis research. The paper presents conjoint package of R software which are useful to evaluate empirical preferences. The R program is more and more popular and many researchers are applying it. The conjoint package of R software is a response to a fact, that not all steps of conjoint analysis were programmed in R. In particular it concerns evaluation of attributes’ importance, market share simulations and interpretation of results. The article presents also results of the evaluation of wine consumers’ preferences with application of conjoint package, market share simulations and segmentation of consumers.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call