Table 3 Correlations
VariablePQADOWNVOLATILEQUITYINVOLVCATAGENPLFREQGDPPC
PQ
AD.17
OWN.72.29
VOLATIL.07−.17.01
EQUITY.53.25.44−.01
INVOLV.02.18−.21−.09.06
CATAGE.01−.10−.01.01−.07.18
NPL.19.11.13.06.16.21.02
FREQ.01.14−.29−.10.07.66.06−.17
GDPPC.00.04−.04.02−.01.00.01.01.00
  • Note: PQ = perceived quality; AD = advertising expenditures; OWN = ownership; VOLATIL.= advertising volatility; EQUITY = brand equity; INVOLV = product involvement; CATAGE = product category age; NPL = new product launch frequency; FREQ = purchase frequency; GDPPC = macroeconomic condition (gross domestic product per capita).