A Purchase Incidence Model with Inverse Gaussian Interpurchase Times
作者:
A.K. Banerjee,
G.K. Bhattacharyya,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1976)
卷期:
Volume 71,
issue 356
页码: 823-829
ISSN:0162-1459
年代: 1976
DOI:10.1080/01621459.1976.10480953
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
This paper deals with a new purchase incidence model where the interpurchase time of an individual household is described by a two-parameter inverse Gaussian distribution, and the population heterogeneity is modeled by the natural conjugate family which has truncatedtand modified gamma marginals. The model, more flexible than the exponential and one-parameter gamma models previously used for purchase incidence, is applied to consumer panel data on toothpaste purchases and an excellent fit is obtained. A more logical approach is employed for the assessment of consumer heterogeneity than the methods in existing literature.
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