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The Heterogeneity Model and its Special Cases. An Illustrative Comparison.

Tüchler, Regina and Frühwirth-Schnatter, Sylvia and Otter, Thomas (2002) The Heterogeneity Model and its Special Cases. An Illustrative Comparison. Report Series SFB "Adaptive Information Systems and Modelling in Economics and Management Science", 73. SFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business, Vienna.

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Abstract

In this paper we carry out fully Bayesian analysis of the general heterogeneity model, which is a mixture of random effects model, and its special cases, the random coefficient model and the latent class model. Our application comes from Conjoint analysis and we are especially interested in what is gained by the general heterogeneity model in comparison to the other two when modeling consumers' heterogeneous preferences. (author's abstract)

Item Type: Paper
Keywords: Heterogeneity Model / Finite Mixture of Random Effects Model / Gibbs Sampling / MCMC Methods / Conjoint Analysis
Divisions: Departments > Informationsverarbeitung u Prozessmanag. > Produktionsmanagement > Taudes
Departments > Finance, Accounting and Statistics > Statistics and Mathematics
Departments > Marketing > Service Marketing und Tourismus
Departments > Informationsverarbeitung u Prozessmanag. > Informationswirtschaft
Depositing User: Repository Administrator
Date Deposited: 20 Jan 2003 15:00
Last Modified: 11 Oct 2012 01:01
URI: http://epub.wu.ac.at/id/eprint/230

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