Members of the Premier Business Experts’ teams took many doctoral level statistics classes and taught advanced statistical analysis courses at multiple universities. While teaching such courses, these members also published many refereed academic articles dealing with analysis issues. Just as importantly, they built the artificial intelligence, credit scoring, direct mail, distribution efficiency, fuzzy logic, geoclustering, neural network, prospecting, sales forecasting, spill-and-recapture, and other systems for Fortune 500 corporations. Some of these yielded “canned software” products, sold by companies like A. C. Nielsen, R. R. Donnelley’s Metromail, and Fair Isaac, with the latter being the case due to a joint venture between Fair Isaac and Metromail.
Premier Business Experts’ Statistical Division Enhances Stakeholder Wealth!
While a specialty of Premier Business Experts is to help mom-and-pop establishments become companies of significant size, the professionals at Premier Business Experts have (using univariate, multivariate, parametric and nonparametric techniques) determined how more than 50 million worldwide purchasers were influenced by more than 1,700 variables. Similarly, by using the knowledge gained from log-linearized LOGIT models, they enhanced market shares on product lines by 8-10% and improved demand forecast accuracies by 15-20% for both domestic and international markets!
Because of their mom-and-pop to Fortune 500 experiences, Premier Business Experts can conduct questionnaire, panel, focus group, mystery shopping, exploratory, descriptive, causal, correlation, and multiple regression statistical studies! These often provide Returns on Investments exceeding 1000%! Moreover, you may find it of interest to know that the professionals at Premier Business Experts developed systems that predicted the sales of “never-before-made products” for every outlet, so that manufacturers could better prioritize their New Product Research and New Product Development activities, as well as determine the optimal media allocations and/or advertising dollars. Focusing on just the “dropping of coupons,” such efforts have in the past increased the response rates by more than 300%!
Using cross-tab, Chi-square, Kolmogorov-Smirnov, Mann-Whitney, ANOVA, MANOVA, Wilcoxon and other statistical tests, along with factor, cluster, discriminant and multidimensional techniques, the professionals at Premier Business Experts have segmented markets and helped companies to develop highly successful product lines. In fact, such techniques enabled one service provider to grow its daily sales from $100,000 to $800,000, a durable goods retailer to increase its $80 million gross revenues by more than 30%, and another multi-state, coast-to-coast, specialty retailer to more than double its sales!
Since the teams at Premier Business Experts have a VERY high level of expertise, they are uniquely qualified to handle your statistical business needs, whether you are a one-person shop or a multinational corporation! This is true whether your needs are for an analysis of your databases to spot profit-enhancement opportunities and/or to develop Six-Sigma, Quality-Assurance programs. Thus, whether you are a one-person shop or a multinational corporation, the professionals at Premier Business Experts can build Management Information Systems and more sophisticated Decision Support Systems that tell you when to offer promotions, run advertisements, manufacture products, order raw materials, schedule employees, ship products, etc. As a result, stakeholders in these companies have seen their profits increase by double-digit and even larger percentages!
There are many examples of such efforts found on the Advertising Allocation Optimization Modeling, Benefits & Compensation Modeling, Business Startups, Feasibility Studies & Business Plans, Market Structure Studies, Marketing Research, Potential New Site Evaluations, and Revenue & Cost Projections pages on this website. Even so, another interesting situation is presented in the below story.
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