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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 language | English |
|---|---|
| Place of Publication | Vienna |
| Publisher | SFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business |
| Publication status | Published - 2002 |
Publication series
| Name | Report 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\
Other versions
- 1 Contribution to conference proceedings
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The heterogeneity model and its special cases - an illustrative comparison
Tüchler, R., Frühwirth-Schnatter, S. & Otter, T., 1 Oct 2002, Statistical Modelling in Society. Proceedings of the Seventeenth International Workshop on Statistical Modelling. M. Stasinopoulos, G. Touloumi (ed.). Chania, Greece, p. 637 - 644Publication: Chapter in book/Conference proceeding › Contribution to conference proceedings