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By understanding these interrelationships, we can make better prediction of the consequences of changing the offering value.
3. Diagrammatically, we use arrows to show significant interrelationships between variables (examples are showing below).
? Define Analytic Model:
1. An analytic model is a conceptual model where interrelationships are quantified.
2. This enables quantitative predictions of the consequences of changes to the marketing mix or value proposition.
3. Diagrammatically, the coefficient is shown alongside their respective arrows (examples are showing below).
? Define Hypothetico-Deductive Model (Exam Q):
Hypothetic-Deductive Model is a conceptual model and its name derives from the hypothesized cause-effect relationships...
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