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Estimating joint preference: A sub-sampling approach
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DOI：10.1016/j.ijresmar.2006.09.001.png)
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Abstract
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Individual and joint preference inform about different aspects of a product's marketing strategy. While individual preference is easily measured, joint preference is expensive to obtain. The author proposes a sub-sampling approach that uses MCMC and data imputation techniques to estimate individual and joint preference. It requires individual data from the entire sample and joint data from a fraction of the sample. Empirical evidence suggests that the sub-sampling approach works well when joint data are collected from 25% of the sample. Predictive and correlation tests demonstrate the superiority of the proposed approach. Greater than 50% reduction in data collection cost is shown. (c) 2006 Elsevier B.V. All rights reserved.
Keywords:
data imputation
hierarchical Bayes
survey
sampling
group choice
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