Market simulation using Bayesian procedures in conjoint analysis

被引:0
|
作者
Baier, D [1 ]
Polasek, W [1 ]
机构
[1] Brandenburg Univ Technol, Inst Business Adm & Econ, D-03042 Cottbus, Germany
关键词
D O I
暂无
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
New procedures for predicting market shares of competing products in assumed possible market scenarios are proposed: We use Gibbs sampling in a first phase to obtain the posterior distribution of preference model parameters w.r.t. product choice-relevant attributes and levels. Then, in a second phase, this distribution is used for market simulation. We discuss advantages of the new procedures in an empirical comparison with traditional ones.
引用
收藏
页码:413 / 421
页数:9
相关论文
共 50 条
  • [21] A Conjoint Analysis of Demand for the Japanese Mobile Phone Market
    Takano, Naoki
    REVIEW OF SOCIONETWORK STRATEGIES, 2016, 10 (01): : 1 - 15
  • [22] Internal validity of conjoint analysis under alternative measurement procedures
    Darmon, RY
    Rouziès, D
    JOURNAL OF BUSINESS RESEARCH, 1999, 46 (01) : 67 - 81
  • [23] Stated Preferences Analysis Using Conjoint Analysis Method and Conjoint R Package
    Bartlomowicz, Tomasz
    Bak, Andrzej
    VISION 2025: EDUCATION EXCELLENCE AND MANAGEMENT OF INNOVATIONS THROUGH SUSTAINABLE ECONOMIC COMPETITIVE ADVANTAGE, 2019, : 12442 - 12457
  • [24] Using simulation to handle implicit likelihoods in a Bayesian analysis
    Hamada, M. S.
    Graves, T. L.
    Hengartner, N. W.
    Higdon, D. M.
    Huzurbazar, A. V.
    Lawrence, E.
    Linkletter, C. D.
    Reese, C. S.
    Scott, D. W.
    Sitter, R. R.
    Warr, R. L.
    Williams, B. J.
    QUALITY ENGINEERING, 2020, 33 (01) : 172 - 177
  • [25] Bayesian analysis of quality level using simulation methods
    Raghunathan, TE
    JOURNAL OF QUALITY TECHNOLOGY, 2000, 32 (02) : 172 - 182
  • [26] Designing Products Using Quality Function Deployment and Conjoint Analysis: A Comparison in a Market for Elderly People
    Abu-Assab, Samah
    Baier, Daniel
    ADVANCES IN DATA ANALYSIS, DATA HANDLING AND BUSINESS INTELLIGENCE, 2010, : 515 - +
  • [27] Is there a market for sustainable urbanism? A conjoint analysis of potential homebuyers in Israel
    Rofe, Yodan
    Pashtan, Tamar
    Hornik, Jacob
    SUSTAINABLE CITIES AND SOCIETY, 2017, 30 : 162 - 170
  • [28] The ability of ratings and choice conjoint to predict market shares - A Monte Carlo simulation
    Chakraborty, G
    Ball, D
    Gaeth, GJ
    Jun, S
    JOURNAL OF BUSINESS RESEARCH, 2002, 55 (03) : 237 - 249
  • [29] Analysis of Optimal Market Making Strategies of CFD Market Using Artificial Market Simulation
    Cheng, Long
    Izumi, Kiyoshi
    Murayama, Yuri
    Yamamura, Yudai
    Shishido, Yuki
    Transactions of the Japanese Society for Artificial Intelligence, 2024, 39 (06)
  • [30] On Bayesian Testing of Additive Conjoint Measurement Axioms Using Synthetic Likelihood
    Karabatsos, George
    PSYCHOMETRIKA, 2018, 83 (02) : 321 - 332