Technical Note—A Note on Lipstein's Model of Consumer Behavior
Warren Dent
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Warren Dent: The University of Iowa, Iowa City, Iowa
Operations Research, 1973, vol. 21, issue 2, 650-652
Abstract:
This note gives a least-squares approach for estimating the constant causative matrix that determines a sequence of transition-probability or predisposition matrices. The method is extremely simple computationally with estimates satisfying all a priori restrictions. An extension to higher order models is discussed.
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:21:y:1973:i:2:p:650-652
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