2023/2024 KAN-CCMVV1445U Digital Analytics and Digital Experimentation
English Title | |
Digital Analytics and Digital Experimentation |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | Elective |
Level | Full Degree Master |
Duration | One Quarter |
Start time of the course | Second Quarter |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Max. participants | 100 |
Study board |
Study Board for cand.merc. and GMA (CM)
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Course coordinator | |
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Main academic disciplines | |
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Teaching methods | |
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Last updated on 15-02-2023 |
Relevant links |
Learning objectives | ||||||||||||||||||||||||
The main objective of this course is to provide
an overview of marketing research techniques dedicated to
collecting and analyzing data from online environments and learn
how and when they can be applied. At the end of the course the
student is expected to be able to:
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Course prerequisites | ||||||||||||||||||||||||
The course will be based on freely available software (including R) that will be discussed in the course (no previous experience is required). Basic statistical knowledge is required. Further required knowledge will be taught and practiced in the course. | ||||||||||||||||||||||||
Examination | ||||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||
Due to the ongoing digitalization of business models and consumer interactions there is an abundance of online data available that can provide valuable marketing insights if collected and analyzed properly. Moreover, the online environment facilitates digital testing and experimentation to inform marketing decision making. This course will focus on digital marketing research techniques for collecting and analyzing such data. The research techniques can be broadly separated into two categories: 1) digital analytics and 2) digital experimentation.
Digital Analytics: • Web analytics, analysis of user generated content • Text analysis, analysis of unstructured data, sentiment analysis • Social network analysis • Online customer journeys, attribution modeling
Digital Experimentation: • Matching approaches • A/B tests, explore & exploit • Discrete choice experiments • Choice modeling
The course focuses on the application of these techniques and how they can inform decision making in marketing, for example, regarding advertising effectiveness, targeting, product development, or pricing. The course will also address ethical implications of digital marketing research regarding data privacy and algorithmic biases and the concept of Corporate Digital Responsibility.
This course addresses several of the Nordic Nine principles. As the course is centered around analytical and experimental approaches that need to be translated into managerial implications it covers "Knowledge: you are analvtical with data and curious about ambiguity." While the digital environment offers many benefits, digitalization also creates concerns and potential threats for consumers, such as violation of data privacy and algorithmic biases. In that regard, the course addresses the "Values: you understand ethical dilemmas and have the leadership values to overcome them; vou are critical when thinking and constructive when collaborating." The result, being digitally responsible, leads to the "Action: you produce prosperity and protect the prosperity of next generations." |
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Description of the teaching methods | ||||||||||||||||||||||||
The teaching will be blended and consists of a mixture of prerecorded lectures, dialog-based in-class lectures, presentations, and computer tutorials. | ||||||||||||||||||||||||
Feedback during the teaching period | ||||||||||||||||||||||||
Students will receive feedback via in-class discussions and during exercises. Additional individual feedback can be obtained during office hours. | ||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||
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Expected literature | ||||||||||||||||||||||||
The literature consists of state-of-the-art journal articles and book chapters as listed below. This list may be updated at the start of the course.
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