Abstract
A latent class methodology for conjoint analysis is proposed, which simultaneously estimates market segment membership and part-worth utilities for each derived market segment using mixtures of multivariate conditional normal distributions. An E-M algorithm to estimate the parameters of these mixtures is briefly discussed. Finally, an application of the methodology to a commercial study (pretest) examining the design of a remote automobile entry device is presented.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 273-288 |
| Number of pages | 16 |
| Journal | Marketing Letters |
| Volume | 3 |
| Issue number | 3 |
| DOIs | |
| State | Published - Jul 1992 |
All Science Journal Classification (ASJC) codes
- Business and International Management
- Economics and Econometrics
- Marketing