Ambiguity surrounds any importance measure in cases in which predictor variables are correlated. However, a new measure is proposed that has attractive properties, such as providing individual contributions that are both non-negative and sum to R2. The new measure is compared with four other...

In lieu of Abstract, here is the first paragraph: Jackson provides a clear statement of a basic (and noncontroversial) limitation of all "importance" measures in multiple regression-namely, there is no unambiguous measure of importance in the case of correlated predictor variables. Darlington...

We present a Bayesian change point multiple regression methodology which simultaneously estimates the location of change points/regimes, the corresponding subset of independent variables per regime, as well as the associated regimes' regression parameters. Unlike existing switching multiple...

We review mixture models that relate a dependent variable to a set of exogenous or explanatory variables. Also, we describe a generalized linear regression mixture model that encompasses previously developed models as special cases. The model allows for a probabilistic classification of...

We propose a maximum likelihood framework for estimating finite mixtures of multivariate regression and simultaneous equation models with multiple endogenous variables. The proposed “semi‐parametric” approach posits that the sample of endogenous observations arises from a finite mixture of...

This paper presents a conditional mixture, maximum likelihood methodology for performing clusterwise linear regression. This new methodology simultaneously estimates separate regression functions and membership in K clusters or groups. A review of related procedures is discussed with an...

According to a vast behavioral literature in marketing, consumers typically engage in two sequential stages of information search in order to reduce uncertainty and maximize the anticipated benefits of a purchase. In the first stage, consumers initially retrieve product information stored in...