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arxiv: 1403.7971 · v1 · pith:FMNIO4LNnew · submitted 2014-03-31 · 🧮 math.ST · stat.AP· stat.TH

Optimization of the marketing mix in the health care industry

classification 🧮 math.ST stat.APstat.TH
keywords industrymarketingmodelallocatingcareconclusionsconsumercosts
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This paper proposes data mining techniques to model the return on investment from various types of promotional spending to market a drug and then uses the model to draw conclusions on how the pharmaceutical industry might go about allocating marketing expenditures in a more efficient manner, potentially reducing costs to the consumer

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