We are running a pricing study, and using the Van Westendorp pre-built Qualtrics survey for the first time. While we know conceptually about how to graph and use the 4 variables (we won’t be using Qualtrics’ internal graphing, due to data cleaning being done outside of the platform), but when we checked out data, we see that Qualtrics has created 4 additional variables that differ from the direct responses the participants entered.
They’re called “Pricing Data - Too Inexpensive/Inexpensive/Expensive/Too Expensive”. We can’t figure out, nor find any documentation on, how Qualtrics is calculating these new variables and what they mean. As you can see, most all of the values are getting discounted from the original submitted values, and the vast majority are blank?? If it matters, we did set an upper and lower price limit of $1-$50 (the item is a premium version of a CPG usually in the $5-15 range).
Does anyone have insight into what these variables are, how they’re being calculated, why so many are ignored/left blank, and why we should trust using them rather than simply graphing the actual results from the participants (outliers removed)?
