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

Regina Tüchler, Sylvia Frühwirth-Schnatter, Thomas Otter

Publikation: Working/Discussion PaperWU Working Paper

9 Downloads (Pure)

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)

Publikationsreihe

ReiheReport Series SFB "Adaptive Information Systems and Modelling in Economics and Management Science"
Nummer73

WU Working Paper Reihe

  • Report Series SFB \Adaptive Information Systems and Modelling in Economics and Management Science\

Zitat