Open AccessBrand Selection and Its Matrix Structure―Expansion of its Block Matrix to the Third Order Lag―
Author(s) -
Kazuhiro Takeyasu
Publication year - 2016
Publication title -
business and management research
Language(s) - English
Resource type - Journals
eISSN - 1927-601X
pISSN - 1927-6001
DOI - 10.5430/bmr.v5n4p31
Subject(s) - lag , matrix (chemical analysis) , order (exchange) , selection (genetic algorithm) , block (permutation group theory) , position (finance) , plan (archaeology) , computer science , mathematics , econometrics , mathematical optimization , economics , geology , artificial intelligence , combinatorics , computer network , paleontology , materials science , finance , composite material
Focusing that consumers’ are apt to buy superior brand when they are accustomed or bored to use current brand, new analysis method is introduced. Before buying data and after buying data is stated using liner model. When above stated events occur, transition matrix becomes upper triangular matrix. In this paper, equation using transition matrix stated by the Block Matrix is expanded to the third order lag and the method is newly re-built. These are confirmed by numerical examples. S-step forecasting model is also introduced. This approach makes it possible to identify brand position in the market and it can be utilized for building useful and effective marketing plan.