Adding Forecasting To Other Methodologies
Proven research methodologies such as ATUs, message testing, and segmentation offer compelling and useful findings. But how do these findings translate into future product demand? By including a Format Analytics demand forecasting add-on, you can take your market research to the next level.
Awareness, trial, and usage are all key components of demand forecasts. Accordingly, real-world measurements from ATU research can be used for forecasting. In this example, ATU surveys are consistently showing higher HCP awareness versus the original awareness assumptions.
The forecasted number of treated patients increases when the ATU data is incorporated.
Using data from message testing research, Format Analytics can generate demand forecasts for different possible message testing bundles.
Data from segmentation research can be used to forecast demand among each individual market segment.