What are the optimal HELOC product configurations and pricing across different consumer groups that will maximize the bank’s opportunity to increase market share while minimizing the cost to produce?
Discrete Choice Modeling
An optimization study with a focus on consumer behavior and decision making.
The bank came out in a much stronger position to grow its’ HELOC market share because the research study had:
Sized the opportunity to grow their HELOC business
Identified the highest priority marketing targets
Identified necessary changes in its product feature mix and pricing strategy
Pointed to the benefits which needed stronger emphasis in marketing communications
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