The Case of using of Entropy in Marketing Research

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Authors: Ivan Mamchych, Maria Khomyak
Cited by: 0

Abstract

A method is proposed for analyzing product sales data that uses entropy values to increase the informativeness of marketing research.The main idea is to use the entropy of the empirical distribution of sold products together with the total sales volume to classify consumers.The method makes it possible to determine how worthwhile it is to carry out further analysis of consumption structure for different consumer groups.The method is illustrated using real-world data.

Fields of Study & Subjects

Consumer Market Behavior and Pricing Consumer Behavior and Market Dynamics Customer churn and segmentation

Publication details

Pages
29–30
Publication date
5 February 2026
Language
EN