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

Regina Tüchler, Sylvia Frühwirth-Schnatter, Thomas Otter

Publication: Working/Discussion PaperWU Working Paper

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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)
Original languageEnglish
Place of PublicationVienna
PublisherSFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business
Publication statusPublished - 2002

Publication series

NameReport Series SFB "Adaptive Information Systems and Modelling in Economics and Management Science"
No.73

WU Working Paper Series

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

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