Statistical analysis

Understandable results

Statistical analysis is vital to make sense of any type of quantitative market research data from surveys and other sources. However, we don’t believe in ‘blinding with science’. We always communicate results so they can be easily understood by a non-statistician.

Useful results

We design our statistical analysis to produce actionable conclusions. There’s no point if they’re only regarded as an interesting technical exercise.

Using past data to avoid expensive new surveys

We apply a range of statistical techniques to draw meaningful conclusions. We use data both from our own surveys and from clients’ databases.

Many companies have access to ever more substantial and sophisticated market information. However, they often lack the resource or expertise to get the most out of it. The answers to your questions may be in the data you already have.

Making your data work harder

Here are some examples on how we get the most out of your data. We can:

Create meaningful clusters

We can divide up survey participants into ‘clusters’. Members of any one cluster would have broadly similar characteristics. This could be defined by how they use the product, how affluent they are or other common traits.

Each cluster solution is unique to the particular project.

Forecasting the future

Brand or market models can predict the outcome of alternative marketing strategies. These can transform your marketing decision-making and company forecasting.

Key Performance Indicators

The analysis can identify the factors that contribute most to how satisfied people are with the service or product.

More bang for your marketing buck

We can assess the effectiveness of advertising, promotional activity or price change. We have produced a model to identify how advertising affects sales of a particular brand or market. We can also advise on where to allocate advertising budget for the most effect.

Statistical analysis in action

We carried out a national survey of convenience stores to find out the benefits of their newly installed ATM cash machines. We interviewed more than 950 people, producing a huge source of data. Through our data analysis, we extracted meaningful conclusions to present to our client. Find out more in Face to face with ATM cash machines.

Next steps

Whatever market research help your business needs, we can help. Just call us on 0800 6523740, email us at [email protected], or fill in our enquiry form.