Issues in the estimation and application of latent structure models of choice |
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| Authors: | William R Dillon Ulf Böckenholt Melinda Smith de Borrero Ham Bozdogan Wayne de Sarbo Sunil Gupta Wagner Kamakura Ajith Kumar Benkatram Ramaswamy Michael Zenor |
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| Institution: | (1) Southern Methodist University, USA;(2) University of Illinois, USA;(3) Lehigh University, USA;(4) University of Tennessee, USA;(5) University of Michigan, USA;(6) Columbia University, USA;(7) University of Pittsburg, USA;(8) Arizona State University, USA;(9) University of Texas, USA |
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| Abstract: | Our paper provides a brief review and summary of issues and advances in the use of latent structure and other finite mixture models in the analysis of choice data. Focus is directed to three primary areas: (1) estimation and computational issues, (2) specification and interpretation issues, and (3) future research issues. We comment on what latent structure models have promised, what has been, to date, delivered, and what we should look forward to in the future. |
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| Keywords: | latent structure models discrete choice finite mixture models |
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