Rigorous science is challenging and any study can be questioned. Deception is part of human nature and scientists are human, as are journalists and policymakers. We are too and must be careful not to trust a study just because we find it exciting, or because it comforts us or conforms to our beliefs.
Segmentation refers to many things, and is one of the most frequently used words in marketing This article looks at segmentation from a somewhat different-than-usual perspective.
Marketing data science - data science related to marketing - is now a significant part of marketing. Some of it directly competes with traditional marketing research and many marketing researchers may wonder what the future holds in store for it.
In the past couple of decades, innovation in statistics and machine learning has been increasing at a rapid pace and we are now able to do things unimaginable when I began my career.
There are many excellent books, articles, YouTube lectures and blogs on AI and topics related to it aimed at data scientists and AI researchers. You may want to, instead, check out this list of AI resources crafted for ordinary folks.
Marketing scientist Kevin Gray asks University of Missouri Professor Chris Wikle about Spatio-Temporal Statistics and how it can be used in science and business.
Primary studies have always been a strength of marketing research. Many younger marketing researchers, however, have only been exposed to standardized ready-made research products or big data. This is a concern. What is the point of the word research in marketing research?
Every move we make, every breath we take, and every heartbeat is an effect that is caused. Even apparent randomness may just be something we cannot explain.
Statistics encourages us to think systemically and recognize that variables normally do not operate in isolation, and that an effect usually has multiple causes. Some call this multivariate thinking. Statistics is particularly useful for uncovering the Why.
Judea Pearl has made noteworthy contributions to artificial intelligence, Bayesian networks, and causal analysis. These achievements notwithstanding, Pearl holds some views many statisticians may find odd or exaggerated.
Kevin Gray is president of Cannon Gray, a marketing science and analytics consultancy.
Causation in a Nutshell
