A one parameter entropy model for brand purchase behaviour

A one parameter entropy model for brand purchase behaviour

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Article ID: iaor1990438
Country: India
Volume: 10
Issue: 3
Start Page Number: 1
End Page Number: 7
Publication Date: Sep 1989
Journal: Journal of Information & Optimization Sciences
Authors:
Abstract:

Havrda and Charvat’s measure of entropy along with maximum entropy principle has been applied to generalize Herniter’s probabilistic model of consumer purchase behaviour. The generalized model considered here gives different brand selection statistics for different products. Herniter’s theory is shown to be a special case of the theory presented here.

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