A Fully Bayesian Analysis of Multivariate Latent Class Models with an Application to Metric Conjoint Analysis
In this paper we head for a fully Bayesian analysis of the latent class model with a priori unknown number of classes. Estimation is carried out by means of Markov Chain Monte Carlo (MCMC) methods. We deal explicitely with the consequences the unidentifiability of this type of model has on MCMC esti...
Main Authors: | , , |
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Format: | Others |
Language: | en |
Published: |
SFB Adaptive Information Systems and Modelling in Economics and Management Science, WU Vienna University of Economics and Business
2002
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Subjects: | |
Online Access: | http://epub.wu.ac.at/1470/1/document.pdf |