As mixture regression models increasingly receive attention from both theory and practice, the question of selecting the correct number of segments gains urgency. A misspecification can lead to an under- or oversegmentation, thus resulting in flawed management decisions on customer targeting or...

Der folgende Beitrag befasst sich mit dem Problem der Modellselektion im Finite Mixture Partial Least Squares (FIMIX-PLS)-Ansatz. Dieser Ansatz, welcher der Methodengruppe der Mischverteilungsmodelle zuzuordnen ist, ermöglicht eine simultane Schätzung der Modellparameter bei gleichzeitiger...

Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages. While there are numerous research articles studying annuities from a...