## Abstract This paper presents a model for the heterogeneity and dynamics of the conditional mean and conditional variance of individual wages. A biasβcorrected likelihood approach, which reduces the estimation bias to a term of order 1/__T__^2^, is used for estimation and inference. The smallβsam
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Modelling the Volatility of Purchase Behaviour
β Scribed by Mick Silver; Sharifah Sakinah Aidid
- Book ID
- 108549082
- Publisher
- John Wiley and Sons
- Year
- 1999
- Weight
- 218 KB
- Volume
- 48
- Category
- Article
- ISSN
- 0039-0526
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The authors develop a model to predict consumer selection of product assortment and its relationship to category purchase quantity. Brand and variety choice decisions are modelled with a nested logit. A shopper's vector of choice probabilitiesΓand hence likely assortment selectionΓdirectly depends o