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Module Catalogue

IB3M5-15 Advanced Analysis for Marketing Decisions

Department
Warwick Business School
Level
Undergraduate Level 3
Module leader
Roland Kassemeier
Credit value
15
Module duration
10 weeks
Assessment
20% coursework, 80% exam
Study location
University of Warwick main campus, Coventry

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Introductory description

This module is an elective for WBS, German and Business Studies, and Global Sustainable Development and Business Studies 3rd or 4th year students only. It is not available as an elective to non-WBS students.

Module web page

Module aims

The module aims to provide students with the knowledge and skills of marketing analytics.
Students will learn the tools, models, and techniques to generate marketing insights or solve marketing problems with data.

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

  • Introduction to Marketing Analysis.
  • Segmentation and Targeting Analysis.
  • Positioning Analysis.
  • Customer Satisfaction.
  • Customer Lifetime Value.
  • Product Decisions.
  • New Product Decisions.
  • Pricing Decisions.
  • Sales Prediction.
  • New Methods in Marketing Analysis.

Learning outcomes

By the end of the module, students should be able to:

  • Gain competency in utilizing software tools for marketing-related data analysis needs.
  • Construct projects and perform data analysis to generate marketing insights with data.
  • Understand important data-driven marketing strategies and the process of converting data to marketing decisions.
  • Familiarize with appropriate models and techniques to generate marketing insights or solve marketing problems related to segmentation, targeting, and positioning, customer satisfaction, customer lifetime value, product decisions, pricing decisions, etc.
  • Interpret data analysis results to recommend and justify marketing managerial decisions.

Indicative reading list

Essential Reading:

  • Principles of Marketing Engineering and Analysis, 3rd Edition, Gary L. Lilien, Arvind Rangaswamy, and Arnaud De Bruyn (DecisionPro, Inc. 2017), ISBN: 9780985764821
    Recommended Reading:
  • Database Marketing, Robert C. Blattberg, Byung-Do Kim, and Scott A. Neslin (Springer, 2008), ISBN: 9780387725796
  • Essentials of Marketing Analytics, 1st Edition, Joseph Hair, Dana E. Harrison and Haya Ajjan (McGraw Hill, 2022), ISBN: 9781264263608
  • Marketing Research: An Applied Orientation, 7th - Edition, Naresh K. Malhotra (Pearson, 2019), IBSN: 9780134735047
  • Marketing Analytics: Data-Driven Techniques with Microsoft Excel, Wayne L. Winston (Wiley, 2014), ISBN: 978-1-118-41730-0
  • Marketing Research, 12th - Edition, Carl McDaniel Jr. and Roger Gates (Wiley, 2020), ISBN: 978-1-119-70300-6

Subject specific skills

Understand important data-driven marketing strategies and the process of converting data to marketing decisions.
Familiarize with appropriate models and techniques to generate marketing insights or solve marketing problems related to segmentation, targeting, and positioning, customer satisfaction, customer lifetime value, product decisions, pricing decisions, etc.
Interpret data analysis results to recommend and justify marketing managerial decisions

Transferable skills

Gain competency in utilizing software tools for marketing-related data analysis needs.
Construct projects and perform data analysis to generate marketing insights with data.

Study time

Type Required
Lectures 10 sessions of 1 hour (7%)
Seminars 9 sessions of 1 hour (6%)
Online learning (independent) 10 sessions of 1 hour (7%)
Private study 48 hours (32%)
Assessment 73 hours (49%)
Total 150 hours

Private study description

Private Study.

Costs

No further costs have been identified for this module.

You do not need to pass all assessment components to pass the module.

Assessment group D2
Weighting Study time Eligible for self-certification
Group Project (15 CATS) 20% 15 hours No
Online Examination 80% 58 hours No

Exam (15 CATS)

~Platforms - AEP

  • Online examination: No Answerbook required
Feedback on assessment

Feedback provided via my.wbs.

Past exam papers for IB3M5

Pre-requisites

WBS students must have taken IB149-15 or IB150-15. Non-WBS students are strongly recommended to have taken an equivalent introductory statistics/data analysis module.

All students are also recommended, to attain an understanding of marketing decisions, to have taken IB148-15 OR IB152-15 OR IB2D6-15.

To take this module, you must have passed:

There is currently no information about the courses for which this module is core or optional.