Search Results - subject:"Choice Models"

Improved customer choice predictions using ensemble methods

Wezel, M.C. van; Potharst, R. - Erasmus University Rotterdam, Econometric Institute - 2005

. Keywords: Bagging, Bias/Variance Decomposition, Boosting, Brand Choice, CART, Choice Models, Data Mining, Ensembles. 1 … 2004 Marketing Science conference in Rotterdam featured 23 pre- sentations where choice models where an important or the … devote one or more chapters on modeling individual’s choice probability (see, e.g., [12, 28]). Customer choice models are …

Persistent link: https://www.econbiz.de/10005450872

Improved customer choice predictions using ensemble methods

van Wezel, van Wezel, M.C.; Potharst, Potharst, R. - Faculteit der Economische Wetenschappen, Erasmus … - 2005

In this paper various ensemble learning methods from machine learning and statistics are considered and applied to the customer choice modeling problem. The application of ensemble learning usually improves the prediction quality of flexible models like decision trees and thus leads to improved...

Persistent link: https://www.econbiz.de/10010731879

Confidence intervals for predicted outcomes in regression models for categorical outcomes

Xu, Jun; Long, J. Scott - In: Stata Journal 5 (2005) 4, pp. 537-559

We discuss methods for computing confidence intervals for predictions and discrete changes in predictions for regression models for categorical outcomes. The methods include endpoint transformation, the delta method, and bootstrap- ping. We also describe an update to prvalue and prgen from the...

Persistent link: https://www.econbiz.de/10005583247

Adverse Network Effects, Moral Hazard, and the Case of Sport-Utility Vehicles

Nagler, Matthew G. - NET Institute - 2005

The paper examines a class of phenomena that combine adverse network effects with moral hazard, using the motor vehicle market as an example to develop and illustrate the key concepts. It is hypothesized that consumers behave as if there is a network externality with respect to vehicle size: the...

Persistent link: https://www.econbiz.de/10005585463

Value of Travel Time Savings for University Students and Preference Heterogeneity

Morera, Francisco Javier Amador; Marrero, Rosa Marina … - In: Hacienda Pública Española (2005) 3, pp. 25-41

This paper examines the sensitivity of value of travel time savings (VTTS) to assumptions on individual preferences in a random utility discrete choice framework. Preferences heterogeneity is incorporated by introducing random parameters and by interacting characteristics of travel modes with...

Persistent link: https://www.econbiz.de/10005642275

The Impact of Internet on the Market for Daily Newspapers in Italy

Filistrucchi, Lapo - Department of Economics, European University Institute - 2005

Recent years have seen a surge in websites that provide news for free and, up to the end of 2001, daily newspapers in Italy have shown a growing trend towards making available online for free; the exact articles published on paper. To assess whether on-line news and traditional daily newspapers...

Persistent link: https://www.econbiz.de/10005744310

Location of manufacturing FDI in Hungary: How important are inter-company relationships?

Békés, Gábor - Magyar Nemzeti Bank (MNB) - 2005

In a new economic geography framework with input-output linkages, this study analyses decisions made by foreign firms about their location within Hungary. These firm-to-firm contacts are modelled by creating several corporate customer and supplier access measures for all new foreign...

Persistent link: https://www.econbiz.de/10005562419

Determinants of regional integration agreements in a discrete choice framework: re-examining the evidence

Márquez-Ramos, Laura; Martínez-Zarzoso, Inmaculada; … - Asociación Española de Economía y Finanzas … - 2005

This paper provides new empirical evidence on the determinants of regional integration agreements (RIAs) in a discrete choice modelling framework. The research has two main aims: first, to empirically analyse the determinants of different levels of integration, re-examining the evidence...

Persistent link: https://www.econbiz.de/10008498184

Rating Forecasts for Television Programs

Meyer, Denny; Hyndman, Rob J. - Department of Econometrics and Business Statistics, … - 2005

This paper investigates the effect of aggregation and non-linearity in relation to television rating forecasts. Several linear models for aggregated and disaggregated television viewing have appeared in the literature. The current analysis extends this work using an empirical approach. We...

Persistent link: https://www.econbiz.de/10005149111

Considering Risk-Taking Behavior in Travel Time Reliability

Recker, Will; Chung, Younshik; Park, Jiyoung; Wang, Lesley - Institute for Transportation Studies (ITS), University … - 2005

considering risk-taking behavior in route choice models? Answering these questions can help in the design and evaluation of … tradeoff between reliability and travel time itself?; How can travel time variability be incorporated into the route choice … models for transportation planning purposes?; and, How can the effects of travel time reliability be incorporated in …

Persistent link: https://www.econbiz.de/10010537247