| FAQ for National Brand Ratings |
| Submitted by Melissa L'Homme | |
| Wednesday, February 27, 2008 | |
|
Frequently asked questions (FAQ) for National Brand Ratings Data Refer to this page to help you understand the National Brand Ratings Data that you have access to. These FAQ address terminology, methodology, and more.
What is the LBSI? The Luxury Brand Status Index (LBSI) is a proprietary survey, developed by the Luxury Institute, given to affluent consumers to measure the value and equity of leading brands. When you view any of the National Brand Ratings available on www.LuxuryRatings.com you are looking at a summary of the findings from a specific LBSI survey.
How is the LBSI administered? The Luxury Institute surveys a nationally representative sample of high net-worth individuals online (currently US only) at different levels of income and net worth, depending on the category.
What is the meaning of the LBSI score? The final LBSI ratings score is the straight average of four individual sub-ratings (see definitions below). The higher the score, the higher the rating for that brand, within that category.
How The LBSI Score is Calculated In all surveys, consumers are asked to rate a brand or service on a 0-10 scale across four components depending upon the brand/service category. 10 = "Strongly Agree" 0 = "Strongly Disagree"
Below are the four components that are surveyed most often and their definitions:
Below are four additional components that are used only when we rate publications/websites:
The values are clearly defined on each survey so that consumers across different panels and across different surveys use the same criteria for their ratings.
How is the "Willing to Recommend" Metric Helpful to Me? The survey asks respondents a critical question about each brand. The percentage scores show you how many respondents agreed with the following:
Recommendations: "Based on your perception of this brand/product/service, would you be willing to recommend it to people you care about?" (Yes/No)
If you have any questions about the LBSI survey or any of the National Brand Ratings data, please email This e-mail address is being protected from spam bots, you need JavaScript enabled to view it |
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