We calibrate and contrast the recent generalized multinomial logit model and the widely used latent class logit model approaches for studying heterogeneity in consumer purchases. We estimate the parameters of the models on panel data of household ketchup purchases, and find that the generalized mult
β¦ LIBER β¦
The Generalized Multinomial Logit Model: Accounting for Scale and Coefficient Heterogeneity
β Scribed by Fiebig, Denzil G.; Keane, Michael P.; Louviere, Jordan; Wasi, Nada
- Book ID
- 120286855
- Publisher
- INFORMS
- Year
- 2010
- Tongue
- English
- Weight
- 289 KB
- Volume
- 29
- Category
- Article
- ISSN
- 0732-2399
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The study of brand choice decisions with multiple alternatives has been successfully modelled for more than a decade using the Multinomial Logit model. Recently, neural network modelling has received increasing attention and has been applied to an array of marketing problems such as market response