Journal ArticleDOI
A structural equation model of latent segmentation and product choice for cross-sectional revealed preference choice data☆
TLDR
In this paper, the problem of simultaneously performing market segmentation and predicting product choice for a given population of consumers is considered, and a behavior-based segmentation model using several types of information characterizing individual consumers and their market context is proposed.About:
This article is published in Journal of Retailing and Consumer Services.The article was published on 1994-10-01. It has received 465 citations till now. The article focuses on the topics: Latent class model & Market segmentation.read more
Citations
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Journal ArticleDOI
A latent class model for discrete choice analysis: contrasts with mixed logit
TL;DR: This paper proposes a semi-parametric extension of the MNL, based on the latent class formulation, which resembles the mixed logit model but which relaxes its requirement that the analyst makes specific assumptions about the distributions of parameters across individuals.
Journal Article
A latent class model for discrete choice analysis: contrasts with mixed logit
TL;DR: This paper proposed a semi-parametric extension of the multinomial logit model based on the latent class formulation, which relaxes its requirement that the analyst make specific assumptions about the distributions of parameters across individuals.
Journal ArticleDOI
Understanding heterogeneous preferences in random utility models: a latent class approach.
TL;DR: In this paper, a finite mixture approach to conditional logit models is developed in whichlatent classes are used to promoteunderstanding of systematic heterogeneity in wilderness recreation, and a branded choice experiment involvingchoice of one park from a demand system was administered to a sample of recreationists.
Journal ArticleDOI
Using choice experiments to value the environment
TL;DR: In this paper, the authors outline the choice experiment approach to environmental valuation, which has its roots in Lancaster's characteristics theory of value, in random utility theory and in experimental design, and illustrate the use of choice experiments with reference to a recent UK study on public preferences for alternative forest landscapes.
Journal ArticleDOI
Willingness to pay for electric vehicles and their attributes
TL;DR: In this article, the authors present a stated preference study of electric vehicle choice using data from a national survey, where 3029 respondents were asked to choose between their preferred gasoline vehicle and two electric versions of that preferred vehicle.
References
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Book
Numerical Methods for Unconstrained Optimization and Nonlinear Equations (Classics in Applied Mathematics, 16)
TL;DR: In this paper, Schnabel proposed a modular system of algorithms for unconstrained minimization and nonlinear equations, based on Newton's method for solving one equation in one unknown convergence of sequences of real numbers.
Book
Discrete Choice Analysis: Theory and Application to Travel Demand
Moshe Ben-Akiva,Steven R. Lerman +1 more
TL;DR: In this article, the authors present the methods of discrete choice analysis and their applications in the modeling of transportation systems and present a complete travel demand model system presented in chapter 11, which is intended as a graduate level text and a general professional reference.
Book
Numerical methods for unconstrained optimization and nonlinear equations
TL;DR: Newton's Method for Nonlinear Equations and Unconstrained Minimization and methods for solving nonlinear least-squares problems with Special Structure.
Book
Mixture models : inference and applications to clustering
TL;DR: The Mixture Likelihood Approach to Clustering and the Case Study Homogeneity of Mixing Proportions Assessing the Performance of the Mixture likelihood approach toClustering.