Optimization of the marketing mix in the health care industry
classification
🧮 math.ST
stat.APstat.TH
keywords
industrymarketingmodelallocatingcareconclusionsconsumercosts
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This paper proposes data mining techniques to model the return on investment from various types of promotional spending to market a drug and then uses the model to draw conclusions on how the pharmaceutical industry might go about allocating marketing expenditures in a more efficient manner, potentially reducing costs to the consumer
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