{"id":74997,"date":"2019-08-07T02:27:34","date_gmt":"2019-08-07T09:27:34","guid":{"rendered":"https:\/\/www.questionpro.com\/blog\/?p=74997"},"modified":"2023-06-07T09:06:04","modified_gmt":"2023-06-07T09:06:04","slug":"how-to-use-an-analytics-software-for-conjoint-analysis","status":"publish","type":"post","link":"https:\/\/www.questionpro.com\/blog\/how-to-use-an-analytics-software-for-conjoint-analysis\/","title":{"rendered":"How to use an analytics software for Conjoint Analysis"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Conjoint analysis is a statistical method to find how people make choices and decisions. Respondents are shown different combinations of various product attributes such as benefits, features, pricing, etc. Analytics software for conjoint analysis lets survey creators design, distribute and generate reports from survey responses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Enterprises need to make decisions that are backed by data. <a href=\"https:\/\/www.questionpro.com\/\">Survey software<\/a> create, distribute and analyze data helpful in market research. These software are loaded with number of features that can help businesses to gather data and create reports that make sense. Analytics software for conjoint analysis are ideal for enterprises for their market research requirements.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Benefits of analytics software for conjoint analysis<\/span><\/h2>\n<ul>\n<li><strong>Security<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">QuestionPro\u2019s <a href=\"https:\/\/www.questionpro.com\/blog\/what-is-conjoint-analysis\/\">conjoint analysis tool<\/a> complies with major industry data privacy and security laws like GDPR, FERPA, Privacy Shield Framework, HIPAA and many more. It is made sure the survey creation, distribution and data collection is in compliance with these laws. All the data collected is stored safely on servers with stringent network and application security layers. In addition to this, respondents can request to delete their data permanently.<\/span><\/p>\n<ul>\n<li><strong>Integration with other enterprise applications<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Enterprises need to connect their existing apps and let them talk with each other. Also, different teams require to work on the same data. Our analytics software for <a href=\"https:\/\/www.questionpro.com\/help\/part-worths-conjoint-analysis.html\">conjoint analysis<\/a> integrates with more than 15 enterprise applications such as Microsoft Dynamics, SalesForce, Tableau and many more. You can automate your marketing efforts by integrating QuestionPro with Marketo or trigger workflows using Zapier.<\/span><\/p>\n<ul>\n<li><strong>Ready made templates<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Choose from 300+ ready-to-use survey templates that can be customized as required. These templates are prepared by expert professionals and are available with free account. They are written such that it extracts the right information required for conjoint analysis. You can also able to do <a href=\"https:\/\/www.questionpro.com\/blog\/real-estate-market-analysis\/\">real estate market analysis<\/a>. Choose your template and run survey.<\/span><\/p>\n<p style=\"text-align: center;\">LEARN ABOUT: <a href=\"https:\/\/www.questionpro.com\/blog\/pricing-analytics\/\">Pricing Analytics<\/a><\/p>\n<p style=\"text-align: center;\"><a class=\"square-cta secondary-lined-cta\" href=\"https:\/\/www.questionpro.com\/survey-templates\/conjoint-analysis-retirement-housing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Free Conjoint Analysis Survey Template<\/strong><\/a><\/p>\n<ul>\n<li><strong>Reports and analytics<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is one of the important reasons why enterprises need a software for conjoint analytics reports. Organizations need to understand how their existing customers make decisions and what are their choices. Based on it, they can optimize their products and services. Conjoint analytics can also be used for <a class=\"wpil_keyword_link\" href=\"https:\/\/www.questionpro.com\/blog\/what-is-market-segmentation\/\"   title=\"market segmentation\" data-wpil-keyword-link=\"linked\"  data-wpil-monitor-id=\"45\">market segmentation<\/a>, understand buyer behavior and strategize marketing efforts.<\/span><\/p>\n<ul>\n<li><strong>Interactive dashboard<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Survey response dashboard gives you a quick glance of the success of the campaign. Get a real-time view of the survey open rate, start rate and completion rate. You can also filter results based on the demographics of the respondents, geolocation, device type\u00a0 and custom filters like system variable.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Steps to use conjoint analysis software\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.questionpro.com\/blog\/what-is-conjoint-analysis\/\">Conjoint analysis<\/a> report can be created only on conjoint questions. This advanced question type presents various levels for each feature a product. Respondents need to choose their preferred combination of various attributes such as pricing, size, benefits, etc.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Select question type as conjoint.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-74998 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/1-1.png\" alt=\"analytics software for conjoint analysis\" width=\"433\" height=\"617\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Select design type. You can choose from random, DOptimal or import design types.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75005 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/2.png\" alt=\"discrete choice conjoint design type\" width=\"903\" height=\"222\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Click on \u2018Simulate Concept Choices\u2019 to see what combination of attributes will be presented to respondents.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75012 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/3-1.png\" alt=\"concept simulator\" width=\"898\" height=\"580\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you do not want respondents to make a choice between two options of the same feature type, you can configure the same in \u2018Prohibited Pairs\u2019.\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75019 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/4-3.png\" alt=\"Prohibited pairs\" width=\"898\" height=\"441\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To create new concepts along with the existing concepts, create fixed task. For instance, let\u2019s say the Task Count is 4 and Concept Per Task is 3. Now if we create one fixed task, the analytics software for conjoint analysis will show 5 tasks with 3 concepts.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75026 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/5-1.png\" alt=\"Conjoint fixed tasks\" width=\"719\" height=\"575\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75033 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/6-2.png\" alt=\"add fixed tasks\" width=\"844\" height=\"336\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To generate the report, go to Analytics &gt;&gt; Choice Modelling &gt;&gt; Conjoint Analysis.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75040 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/7-4.png\" alt=\"generate conjoint report\" width=\"1258\" height=\"382\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75047 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/8.png\" alt=\"conjoint analysis report\" width=\"842\" height=\"397\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You can also download Displayed Concept Report, Conjoint Analysis, Report and Fixed Data Report to share the survey results with other teams or departments.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-75054 size-full\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2019\/08\/9.png\" alt=\"Download reports\" width=\"1182\" height=\"265\" \/><\/p>\n<p><span style=\"font-weight: 400;\">If you need any help on how analytics software for conjoint analysis can help your business and how to generate insights that will help you make better decisions, get in touch with us.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conjoint analysis is a statistical method to find how people make choices and decisions. Respondents are shown different combinations of [&hellip;]<\/p>\n","protected":false},"author":86,"featured_media":75061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[331,6,187],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to use an analytics software for Conjoint Analysis | QuestionPro<\/title>\n<meta name=\"description\" content=\"Learn how analytics software for conjoint analysis creates random &amp; DOptimal conjoint reports. 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