Seasonality and non-linear price effects in scanner-data-based market-response models

DOI10.1016/J.JECONOM.2006.05.021MaRDI QIDQ277170zbMATH OpenOpenAlexFDO

Authors Dennis Fok, Philip Hans Franses, Richard Paap

Publication date 4 May 2016

Published in Journal of Econometrics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jeconom.2006.05.021

zbMATH Keywords

MCMChierarchical Bayesnon-linearitypanels of time seriesthreshold modelsweekly seasonality

Mathematics Subject Classification ID

Bayesian inference (62F15) Time series, auto-correlation, regression, etc. in statistics (GARCH) (62M10) Applications of statistics to economics (62P20)

Recommendations

• A Bayesian multi-level factor analytic model of consumer price sensitivities across categories
• Accommodating heterogeneity and nonlinearity in price effects for predicting brand sales and profits
• A comparison of semiparametric and heterogeneous store sales models for optimal category pricing
• Forecasting model with asymmetric market response and its application to pricing of consumer package goods
• Modeling price response from retail sales: an empirical comparison of models with different representations of heterogeneity

Cites work

• scientific article; zbMATH DE number 472921 (Why is no real title available?)
• scientific article; zbMATH DE number 1168350 (Why is no real title available?)
• scientific article; zbMATH DE number 3390199 (Why is no real title available?)
• Bayes factors and nonlinearity: Evidence from economic time series
• Bayesian Statistics and Marketing
• Bayesian inference in dynamic econometric models. With a foreword by Jacques J. Drèze
• Computing Bayes Factors Using a Generalization of the Savage-Dickey Density Ratio
• Contemporary Bayesian Econometrics and Statistics
• Markov chains for exploring posterior distributions. (With discussion)
• Sampling-Based Approaches to Calculating Marginal Densities
• Stochastic Relaxation, Gibbs Distributions, and the Bayesian Restoration of Images
• The Calculation of Posterior Distributions by Data Augmentation
• The Effect of Improper Priors on Gibbs Sampling in Hierarchical Linear Mixed Models
• The Weighted Likelihood Ratio, Linear Hypotheses on Normal Location Parameters
• Time series with periodic structure

Cited in

(4)

• A Bayesian multi-level factor analytic model of consumer price sensitivities across categories
• Accommodating heterogeneity and nonlinearity in price effects for predicting brand sales and profits
• A Smooth Transition Finite Mixture Model for Accommodating Unobserved Heterogeneity
• Describing the dynamics of attention to TV commercials: a hierarchical Bayes analysis of the time to zap an ad

Describes a project that uses

Uses Software

• bayesm

This page was built for publication: Seasonality and non-linear price effects in scanner-data-based market-response models

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q277170)