A note from Sary

Relativo Importance Testing: a set of analysis techniques pioneered by statistician Jordan Louviere in the 1980s'-gives you a way to determine what people want by asking them a series of simple questions designed to simulate real-life Trade-offs, Here's how it works. Lets assume we're conducting a Relative Importance Test for the diner previously mentioned. Instead of asking the participant to rank each ben-cht from 0 to 10, we show the participant something like the following: A. Orders delivered to rable in five minutes or less. B. Most entrée prices under $20. C. Appealing restaurant decor. D. Large variety of menu options.

Sary The Personal MBA, page 78 · October 10, 2023 Save to shelf
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