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Market Research On Nokia
Market Research On Nokia
Market Research On Nokia
ON NOKIA
MANJEET
OJHA
RESEARCH OBJECTIVES
Independent variable :
Price
Complexity
Digital features
Durability
Trendy
TECHNIQUES USED
Regression: explaining strength of
relationship between dependent &
independent variables & hence
understanding the consumer preferences .
Factor analysis :to determine brand
attributes that influence consumer choice
by classifying variables into dimensions.
Discriminant :is used for future
prediction of the prospect buyers &
understanding which factors are major
discriminators in buying decision.
QUESTIONNAIRE
Objective 1: To understand the
consumer preferences regarding the
usage of Nokia cellphones.
100
90
80
70
60
50
40
30
20
10
0
Trendy Durability Digital Affordability User Friend
Features (Price) (complexit
ASSUMPTIONS FOR
REGRESSION
The data is normally distributed since the
histogram is in sync with the line of
normality & in the pp plot the rings are
scattered around the expected cumulative
freq line.
Regression
R square = .533
Adjusted R sqr is 0.505 => There is some
multicolinearity.
ANOVA significant
As per the correlation table, there is some
autocorrelation between durability & digital
features.
Co-efficient table:
Significance level of the coefficients
of digital features & complexity are
greater than 0.05, these two do not
represent the whole of the
population.
Factor analysis
Scree Plot: as per this, the 5 variables are
divided into two factors.
Component Matrix: variables are segregated
to two factors based on the highest (mod)
values.
2 factors:
F1 : Added features ( 45%)
digital features & complexity
F2 : core features (30%)
price , durability & trendy
REGRESSION DONE AFTER
FACTOR ANALYSIS
When we took another regression of
the two factors, our R Sqr value was
0.433; which is not much close to the
previous regression taken for the
individual variables.
F2 0
-.5 Price
-
1
- -.5 0 . 1
1 5
Discriminant
Complexity is not that discriminating
attribute as sig. level is greater than .
05 (value for money)
Data is not homogeneous
sample size should be increase