Life Is a Trade-Off - Conjoint Analysis with Hierarchical Linear Modeling
Life is a trade-off but you got to make decision! With hierarchical linear model, estimating both the overall average preference level on product features and individual preferences within the group becomes feasible!
​Use primary component analysis(PCA) and explanatory factor analysis(EFA) to minimize the complexity of data and build perception map that will help the company better position itself in the marketplace.