Konnexionistische Kaufakt- und Markenwahlmodelle
Jörg Peter Heimel,
Harald Hruschka,
Martin Natter and
Alfred Taudes
Additional contact information
Jörg Peter Heimel: PNM Siemens
Harald Hruschka: Universität Regensburg
Martin Natter: Wirtschaftsuniversität Wien
Alfred Taudes: Wirtschaftsuniversität Wien
Schmalenbach Journal of Business Research, 1998, vol. 50, issue 7, 596-613
Abstract:
Summary Artificial neural networks can be seen as nonlinear generalizations of conventional Statistical or econometric models. This paper studies goodness-of-fit and forecasting Performance of neural networks with one hidden layer. The central dependent variables regarded are purchase incidence and brand choice within the context of consumer non-durables. The connectionist models are compared to the well-known NBD and conditional logit models. Models are estimated on the basis of household panel data. On the whole, the neural models achieve better results than their conventional counterparts. Influence of predictors is interpreted using a distribution of elasticities or change rates.
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sjobre:v:50:y:1998:i:7:d:10.1007_bf03371524
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DOI: 10.1007/BF03371524
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