A Review of Recent Developments in Latent Class Regression Models

Advanced Methods of Marketing Research, R. Bagozzi (Ed.), Blackwell Pub., 352-388, 1994

37 Pages Posted: 6 Jun 2016

See all articles by Michel Wedel

Michel Wedel

University of Maryland - Robert H. Smith School of Business, Marketing Department; University of Groningen - Faculty of Economics and Business

Wayne S. DeSarbo

Pennsylvania State University

Date Written: 1994

Abstract

The development of mixture models can be historically traced back to the work of Newcomb (1886) and Pearson (1894). Mixture distributions have been of considerable interest in recent years leading to a vast number of methodological and applied papers, as well as to three dedicated mono­graphs (cf. Everitt and Hand, 1981; Titterington, Smith, and Makov, 1985; and Mclachlan and Basford, 1988). In finite mixture models, it is assumed that a sample of observations arises from a (initially specified) number of underlying classes of unknown proportions. A concrete form of the density of the observations in each of the underlying classes is specified, and the purpose of the finite mixture approach is to decompose the sample into its mixture components...

Suggested Citation

Wedel, Michel and DeSarbo, Wayne S., A Review of Recent Developments in Latent Class Regression Models (1994). Advanced Methods of Marketing Research, R. Bagozzi (Ed.), Blackwell Pub., 352-388, 1994. Available at SSRN: https://ssrn.com/abstract=2789856

Michel Wedel

University of Maryland - Robert H. Smith School of Business, Marketing Department ( email )

College Park, MD 20742
United States
301.405.2162 (Phone)
301.405.0146 (Fax)

HOME PAGE: http://www.rhsmith.umd.edu/marketing/faculty/wedel.html

University of Groningen - Faculty of Economics and Business ( email )

Postbus 72
9700 AB Groningen
Netherlands

Wayne S. DeSarbo (Contact Author)

Pennsylvania State University ( email )

University Park
State College, PA 16802
United States

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