Methodology and Statistics
International Conference, 16 - 18 September 2002
FDV, Ljubljana, Slovenia
PROPENSITY SCORE METHODS IN MARKETING APPLICATIONS
Donald B. Rubin
Harvard University
USA
Propensity score methods have found wide application in a variety of
areas, including medical research, economics, epidemiology, and education,
where randomized experiments are difficult to perform or raise questions
of ethics, and thus answers often must be obtained from observational
(nonrandomized) data. Thus far, there have been few applications to
marketing situations, even though the effects of many interventions (e.g.,
advertising, promotions) are "assessed" using generally inappropriate
techniques such a regression, data mining, etc. This talk will present
this new approach, and show how the more standard predictive methods can
be used appropriately as a supplement. A real success story will also be
presented.
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