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models are used to incorporate the unobserved heterogeneity present in individuals’ decisions, such as mixed or latent class … heterogeneity. …
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In actuarial practice, the modeling of total losses tied to a certain policy is a nontrivial task due to complex distributional features. In the recent literature, the application of the Dirichlet process mixture for insurance loss has been proposed to eliminate the risk of model...
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factors, such as the psychological impact on the destination choice process, can explain heterogeneity among individuals. This … individuals for two types of grocery and clothing in Tehran, Iran. The heterogeneity in destination choice behavior is captured by …
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