From the course: Market Research: Quantitative
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MaxDiff survey analysis for feature prioritization
From the course: Market Research: Quantitative
MaxDiff survey analysis for feature prioritization
- [Instructor] I bet you've seen a survey question before that asks you to rank a set of features for a product. You might have even written a survey question like this. In a survey question like this, how many features do you think you can realistically ask about? Any guesses? The correct answer is five to seven answer choices. This limit is based on a research principle called Miller's Law, which suggests that people can only hold and process seven plus or minus two items in their working memory at one time. Any more than that and respondents can feel overwhelmed, which leads to inconsistent or unreliable results. Basically, they either drop off, answer questions randomly, or just answer one of the ranking questions in your set. That means a ranking question is not a reliable way to measure feature prioritization if you've got more than seven features to test. And that's why a technique called MaxDiff comes in. MaxDiff is short for maximum difference scaling, and it's a fancy way to…
Contents
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Interpreting descriptive & inferential statistics in surveys4m 59s
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Cluster analysis survey tool for audience segmentation3m 15s
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MaxDiff survey analysis for feature prioritization4m 55s
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Conjoint trade-off analysis in market research surveys6m 31s
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Understanding willingness to pay with Van Westendorp surveys3m 51s
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Understanding willingness to pay with Gabor Granger surveys3m 36s
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Planning the best survey for your research objectives1m 57s
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