The Econometric Discrete Dependent Variable Multinomial Logit Model 'An Application on a Local Furniture Market Enterprise'
University of London, Royal Holloway College - Department of Economics
December 13, 2009
This paper examines the consumers’ preferences to the local furniture market in the Province of Serres. We apply a multinomial logit model to investigate the probability of buying a furniture in the following four-monthly period. We analyze also the demographic characteristics and we conclude that they are playing a major role among other factors. The questionnaire that will be analyzed in the particular project is a subset of the prototype, while the questions that were included in the initial questionnaire were too many, as a result the analysis to be quite long. So we tried to concentrate and to be restricted at the most important factors that they practice a great influence to the consumers’ choice decisions.
Number of Pages in PDF File: 28
Keywords: discrete choice models, cluster analysis, principal components, furniture market, market research
JEL Classification: C15, C35working papers series
Date posted: December 15, 2009
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