ITEM METADATA RECORD
Title: Measuring short- and long-run promotional effectiveness on scanner data using persistence modelling
Authors: Dekimpe, Marnik ×
Hanssens, DM
Nijs, VR
Steenkamp, J #
Issue Date: 2005
Series Title: Applied Stochastic Models in Business and Industry vol:21 issue:4-5 (Oct.) pages:409-416
Abstract: The use of price promotions to stimulate brand and firm performance is increasing. We discuss how (i) the availability of longer scanner data time series, and (ii) persistence modelling, have lead to greater insights into the dynamic effects of price promotions, as one can now quantify their immediate, short-run, and long-run effectiveness. We review recent methodological developments, and illustrate how the analysis of numerous brands and product categories has resulted in various empirical generalizations. Finally, we argue that persistence modelling should not only be applied to traditional performance metrics such as sales, but also to metrics such as firm value and customer equity.
ISSN: 1524-1904
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Centre for Marketing and Consumer Science, Leuven
× corresponding author
# (joint) last author

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