How to estimate the amount of important characteristics missing in a consumers sample by using Bayesian estimators

How to estimate the amount of important characteristics missing in a consumers sample by using Bayesian estimators

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Article ID: iaor20022591
Country: Brazil
Volume: 21
Issue: 1
Start Page Number: 31
End Page Number: 38
Publication Date: Jun 2001
Journal: Pesquisa Operacional
Authors:
Keywords: marketing, statistics: inference
Abstract:

Consumers surveys are conducted very often by many companies with the main objective of obtaining information about the opinions the consumers have about a specific prototype, product or service. In many situations the goal is to identify the characteristics that are considered important by the consumers when taking the decision of buying or using the products or services. When the survey is performed some characteristics that are present in the consumers population might not be reported by those consumers in the observed sample. Therefore, some important characteristics of the product according to the consumers opinions could be missing in the observed sample. The main objective of this paper is to show how the amount of characteristics missing in the observed sample could be easily estimated by using some Bayesian estimators proposed by Mingoti & Meeden and Mingoti. An example of application related to an automobile survey is presented.

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