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Importance Of Tradeoff In Best Brand Car Market Analysis

by | Sep 3, 2021 | MATHEMATICS | 0 comments

by | Sep 3, 2021 | MATHEMATICS | 0 comments

Importance Of Tradeoff In Best Brand Car Market Analysis

Importance Of Tradeoff In Best Brand Car Market Analysis

Task 1:
Use k-means methodology, form three (3) clusters for Connecticut zip Codes based on the income distribution of the household.For each Zip Code, use the percentage of tax filings (number of filings /total filings) in each “Adjusted Gross Income” category. Repeat the above analysis for the state of Alabama and compare the two states’ clusters (cluster centers)
Consider the following survey of two car brands:
Brand
Body Type
Price
Rating
Toyota
Sedan
25000
7
Toyota
Sedan
30000
6
Toyota
SUV
25000
6
Toyota
SUV
30000
4
VW
Sedan
25000
9
VW
Sedan
30000
8
VW
SUV
25000
9
VW
SUV
30000
7
Task 2:
Perform the following analysis:
Tradeoff between price for Toyota-SUV and VW-SUV
Market share forecast for:
Toyota- Sedan- 25000
Toyota-SUV-25000
VW-Sedan- 25000
VW-SUV- 25000
Attribute importance

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