An analysis of brand interdependencies using Artificial Neural Networks
Marusya Ivanova ()
Additional contact information Marusya Ivanova: Marketing Department, Faculty of Management and Marketing, "D. Tsenov Academy of Economics", Svishtov
Authors registered in the RePEc Author Service: Marusia Ivanova Smokova
Abstract:
The purpose of this article is to present the abilities of Artificial Neural Networks in analyzing the existing structure of brand interdependencies compared to DE-MCI model. To achieve this pur-pose a comparative study is done based on POS data used by Cooper and Nakanishi in their monograph. The results suggest that ANN model outperform DE-MCI model with regards to model fit and they offer face valid estimates of self and cross-elasticities. Based on the transformed cross-elasticity estimates, a MDS map is produced. This competitive map is used to identify the existing interdepend-encies among the brands in the market.