TY - ADVS AU - Montgomery,Alan L. TI - Making better pricing decisions with informative priors T2 - Bayesian analysis in marketing : a breakthrough in customer analytics, PY - 2010/// CY - London PB - Henry Stewart Talks KW - Bayesian statistical decision theory KW - Marketing research N1 - Animated audio-visual presentation with synchronized narration; Title from title frames; Contents: Bayesian theory and informative priors -- Using statistical models for making pricing decisions -- Sales response models -- Exchangeable priors: hierarchical Bayesian models -- Implication: shrinkage estimators -- Store-level strategies -- Theory based priors -- Informative priors -- Additive utility structure -- A simulated example -- Elasticity estimates -- Eliciting priors using experts -- Constraints as business rules -- Empirical application -- Rejecting sampling -- Final recommendations; Access restricted to subscribers UR - https://hstalks.com/bm/1618/ UR - https://hstalks.com/bm/p/422/ ER -