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Record W2207629550 · doi:10.1177/2394964315569625

Brain Waves Predict Success of New Fashion Products: A Practical Application for the Footwear Retailing Industry

2015· article· en· W2207629550 on OpenAlexaff
Davide Baldo, Hirak Parikh, Yvonne Piu, Kai-Markus Müller

Bibliographic record

VenueJournal of Creating Value · 2015
Typearticle
Languageen
FieldNeuroscience
TopicNeural and Behavioral Psychology Studies
Canadian institutionsInstitute of Aging
Fundersnot available
KeywordsProfit (economics)MarketingGross profitBrand loyaltyMarket shareBusinessLoyaltyShareholderLoyalty business modelEconomics

Abstract

fetched live from OpenAlex

Every year, retailers launch a myriad of new products. The success rate of such new products directly influences a retailer's success in terms of gross profit, customer loyalty and brand image. In the past decades, many self-report and focus group based methods were implemented to gain insights in future market performance of new products. However, social psychology and market research studies have established that self-reports are unreliable to accurately predict customer preference. In this article, we propose a novel approach based on brain data to forecast product performance and discuss the importance of pre-market forecasting in the footwear retailing industry. We implemented and validated the tool in collaboration with a European shoe store chain. This case study showed that self-report based methods cannot accurately foretell success, while using brain data the prediction accuracy reached 80 per cent. We also compared how these two different methods might influence company gross profit. Simulations based on sales data showed that self-report based prediction would lead to a 12.1 per cent profit growth, while brain scan based prediction would increase profit by 36.4 per cent. Thus, this innovative neuroscientific approach greatly improves brand image and brings considerable value for organizations, shareholders as well as consumers.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.002
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.004
Threshold uncertainty score0.009

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0000.002
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0010.001
Open science0.0000.000
Research integrity0.0010.000
Insufficient payload (model declined to judge)0.0030.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.270
GPT teacher head0.445
Teacher spread0.176 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations56
Published2015
Admission routes1
Has abstractyes

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