Synopses & Reviews
Synopsis
Excerpt from Estimating Zero Order Models Given Variable Number of Purchase Records Per Household
The maximum likelihood estimates of u and o (or a and B) can be obtained by maximizing the log-likelihood function in equation (5) (or equation through numerical optimization.
Another way of representing the log-likelihood function in equation (5) (or equation involves classifying the households in the panel according to number of purchases of the product class, k, where The log-likelihood function in equation (5) now becomes n.
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