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The multinomial logit model is frequently used in marketing research to explain consumers' brand choice decisions. In … time. In contrast to this assumption, both marketing theory and statements from marketing practitioners suggest the … possibility of short-term fluctuations and long-term changes in consumers' brand choice behavior. In this paper, nonparametric …
Persistent link: https://www.econbiz.de/10014071906
This paper presents a method for visualizing competitive market structures based on scanner panel date where asymmetries are taken into account. For this, I combined consumer choice models based on mixed logit models with three-mode principal component analysis. This approach can be used to...
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Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the equations to solve have no closed-form expression. They include...
Persistent link: https://www.econbiz.de/10011342045
-category dependence of brand choice behavior. It is hypothesized that the global utility function related to a product bundle results from …
Persistent link: https://www.econbiz.de/10003049827
With increasing availability of consumer data and rapid advancement and applications of technologies, online retailers are gaining better knowledge of shopping behavior and preferences of their customers. Thus more and more retailers are providing customized product assortment to better match...
Persistent link: https://www.econbiz.de/10012842523
Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the equations to solve have no closed-form expression. They include...
Persistent link: https://www.econbiz.de/10012722757
Motivated by online retail applications, we study the online personalized assortment optimization problem. A seller conducts sales by offering assortments of products to a stream of arriving customers. The customers' purchase behavior follows their respective personalized Multinomial Logit...
Persistent link: https://www.econbiz.de/10012943008
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