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  • Search: subject:"the persistence of the loyalty indicator"
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Forecasting methods 1 Markov chains 1 marketing quota 1 marketing share 1 sales structure 1 steady state vector 1 the loyalty indicator 1 the persistence of the loyalty indicator 1 transition probability matrix 1
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Article 1
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Dura, Codruţa 1
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Annals of the University of Petrosani, Economics 1
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The Use of Markov Chains in Marketing Forecasting
Dura, Codruţa - In: Annals of the University of Petrosani, Economics 6 (2006), pp. 69-76
The Markov chains model is frequently used to describe consumers’ behavior in relation to their loyalty towards a brand, a manufacturer, a product, o a chain of stores, etc. Most frequently, this model is applied in marketing for dynamic forecasts of the market quota against a background of...
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