Abstract

A new approach to inferring hierarchical models of consumer choice is described. A classification algorithm is used to estimate decision trees at an individual level without requiring prior assumptions about tree form. Derived models are analyzed within a modeling system that summarizes the diversity of decision rules in a sample as well as their implications for aggregate market shares. An application to the analysis of panel data and a comparison with disaggregate logit analysis are reported.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.