ISSN (Online) : 2456 - 0774

Email : ijasret@gmail.com

ISSN (Online) 2456 - 0774

ANALYZING CONSUMER RETENTION AND BRAND SWITCHING BEHAVIOR IN THE MOBILE PHONE INDUSTRY USING MARKOV CHAINS

Abstract

Consumer loyalty plays a vital role in determining brand sustainability and competitive advantage, particularlyindynamicsectors such as mobile phones. This study applies the principles of Markov chain modeling to estimate and analyze consumer loyaltybyexamining brand-switching behavior over time. Transition probability matrices were constructed based on survey data collectedfromarepresentative sample of consumers. These matrices facilitated the identification of steady-state probabilities, which represent long-termloyalty levels associated with each brand. The analysis reveals significant differences in brand retention rates betweenthetwoproductcategories, highlighting consumer behavior trends and brand-switching tendencies. The findings underscore the effectivenessofMarkovchains as a predictive tool in marketing analytics and provide valuable insights for brand managers aiming to enhance customerretentionand loyalty strategies. Keywords: Consumer loyalty, Markov chain, brand switching, transition matrix, mobile phone brands, customer retention

Full Text PDF

IMPORTANT DATES

Submit paper at ijasret@gmail.com

Paper Submission Open For August 2025
UGC indexed in (Old UGC) 2017
Last date for paper submission 31 August 2025
Deadline Submit the paper anytime.
Publication of Paper Within 15-30 Days after completing all the formalities
Publication Fees  Rs.5000 (UG student)
Publication Fees  Rs.6000 (PG student)