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Contact : +91 7053938407

Article Abstract

International Journal of Advance Research in Multidisciplinary, 2024;2(1):501-505

The strategic value of regression analysis in marketing research: Regression and brand response to crisis

Author : Dr. Manish Kumar Srivastava

Abstract

An essential part of data-driven decision-making is regression analysis. To comprehend the correlations between variables and create well-informed predictions, this statistical technique is widely utilized in a variety of sectors, including economics, finance, marketing, healthcare, and the social sciences. Regression analysis is very useful in contemporary research and corporate settings. Regression analysis's strategic significance is examined in this article to highlight its many uses and advantages. A number of case stories are used to help illustrate the idea. Regression analysis in particular has become a crucial tool for directing marketing tactics in today's company environments. The purpose of this study is to investigate the value and use of regression analysis in marketing management. It explores regression analysis's basic ideas, types, and techniques, as well as how important it is for obtaining useful information for marketing campaign decision-making. This article clarifies how regression analysis enables marketers to estimate sales, adjust pricing strategies, predict consumer behavior, and improve overall marketing effectiveness by examining real-world situations and research. The importance of using regression analysis as a potent tool for guiding marketing strategies in the data-driven business world of today is emphasized in the paper's conclusion.

Keywords

Predictive modeling, marketing analytics, regression analysis, environments