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Models of Multi-Category Choice Behavior.

Authors :
Seetharaman, P.
Chib, Siddhartha
Ainslie, Andrew
Boatwright, Peter
Chan, Tat
Gupta, Sachin
Mehta, Nitin
Rao, Vithala
Strijnev, Andrei
Source :
Marketing Letters; Dec2005, Vol. 16 Issue 3/4, p239-254, 16p
Publication Year :
2005

Abstract

Given the advent of basket-level purchasing data of households, choice modelers are actively engaged in the development of statistical and econometric models of multi-category choice behavior of households. This paper reviews current developments in this area of research, discussing the modeling methodologies that have been used, the empirical findings that have emerged so far, and directions for future research. We also motivate the use of Bayesian methods to overcome the computational challenges involved in estimation. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09230645
Volume :
16
Issue :
3/4
Database :
Complementary Index
Journal :
Marketing Letters
Publication Type :
Academic Journal
Accession number :
19558526
Full Text :
https://doi.org/10.1007/s11002-005-5888-y