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© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

This research aims to examine a neural network (artificial intelligence) as an alternative model to examine the neuromarketing phenomenon. Neuromarketing is comparatively new as a technique for designing marketing strategies, especially advertising campaigns. Marketers have used a variety of different neuromarketing tools, for instance functional magnetic resonance imaging (fMRI), eye tracking, electroencephalography (EEG), steady-state probe topography (SSPT), and other expensive gadgets. Similarly, researchers have been using these devices to carry out their studies. Therefore, neuromarketing has been an expensive project for both companies and researchers. We employed 585 human responses and used the neural network (artificial intelligence) technique to examine the predictive consumer buying behavior of an effective advertisement. For this purpose, we employed two neural network applications (artificial intelligence) to examine consumer buying behavior, first taken from a 1–5 Likert scale. A second application was run to examine the predicted consumer buying behavior in light of the neuromarketing phenomenon. The findings suggest that a neural network (artificial intelligence) is a unique, cost-effective, and powerful alternative to traditional neuromarketing tools. This study has significant theoretical and practical implications for future researchers and brand managers in the service and manufacturing sectors.

Details

Title
The Neuromarketing Concept in Artificial Neural Networks: A Case of Forecasting and Simulation from the Advertising Industry
Author
Rizwan Raheem Ahmed 1   VIAFID ORCID Logo  ; Streimikiene, Dalia 2   VIAFID ORCID Logo  ; Zahid Ali Channar 3 ; Hassan Abbas Soomro 4   VIAFID ORCID Logo  ; Streimikis, Justas 5 ; Kyriakopoulos, Grigorios L 6   VIAFID ORCID Logo 

 Faculty of Management Sciences, Indus University, Karachi 75300, Pakistan; [email protected]; School of Business and Economics, State University of New York, Plattsburg, NY 12901, USA 
 Institute of Sport Science and Innovations, Lithuanian Sports University, Sporto g. 6, 44221 Kaunas, Lithuania 
 Department of Business Administration, Sindh Madressatul Islam University, Karachi 74000, Pakistan; [email protected] 
 Department of Business Administration, Sukkur IBA University, Sukkur 65200, Pakistan; [email protected]; Institute of Business Administration, Aix Marseille University, 13007 Marseille, France 
 Lithuanian Centre for Social Sciences, Institute of Economics and Rural Development, A. Vivulskio g. 4A-13, 03220 Vilnius, Lithuania; [email protected]; Faculty of Management and Finances, University of Economics and Human Science in Warsaw, Okopowa 59, 01-043 Warsaw, Poland 
 School of Electrical and Computer Engineering, National Technical University of Athens, 15780 Athens, Greece 
First page
8546
Publication year
2022
Publication date
2022
Publisher
MDPI AG
e-ISSN
20711050
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2694068861
Copyright
© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.