Table 3.
Study variables.
| Variable | Description | |
|---|---|---|
| Sit | Sales | Physical units sold of product i on week t. |
| PRit | Price | Retail price in euros (including VAT) of product i on week t. |
| BR(k)i | Brands | Dummy variables that control for the effect of each brand. We create a dummy variable for each of the 12 brands, such that it takes a value of 1 if product i has the brand k. In fact, we introduce 11 dummy variables in the models because a brand is taken as a reference. |
| DIit | Display | Dummy variable, equal to 1 if product i is displayed with a special presentation or at a special location such as end-of-aisle or island on week t, and equal to 0 otherwise. |
| AFit | Advertising flyer | Dummy variable, equal to 1 if product i is featured on an advertising flyer or brochure on week t, and equal to 0 otherwise. |
| PQBi | Perceived quality attributed to the brand | The average assessment of the product quality attributed to the brand, according to surveyed consumers. The values vary between 1 and 5. All products of the same brand have the same value for this variable. |
| PQICi | Perceived quality attributed to the intrinsic product characteristics | The weighting, according to the importance granted by surveyed consumers, of the assessment of the quality of product i depending on its main intrinsic technical characteristics. The possible values vary between 1 and 5. |
i, is the SKU for which we collect information; t, is the week in which the information is collected; k, is the product brand