Account-Level Modeling for Trade Promotion: An Application of a Constrained Parameter Hierarchical Model
零售客户层面的贸易促销建模:约束参数层级模型的应用
We consider the problem of utilizing data at the retail/market level on sales and marketing mix variables to help manufacturers optimize the allocation of trade promotional budgets across areas. Major consumer packaged goods manufacturers budget at least one-half of their total marketing expenses to trade promotions. Trade promotional deals are designed to encourage retailers to promote products by temporarily reducing the price, putting them in in-store displays, or…