CART-logit hybrid models in the analysis of decision-making process in the households Cover Image

Modele hybrydowe CART-logit w analizie procesu podejmowania decyzji w gospodarstwie domowym
CART-logit hybrid models in the analysis of decision-making process in the households

Author(s): Mariusz Łapczyński, Adam Sagan
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: CART-logit hybrid models; decision-making process; durable goods

Summary/Abstract: The aim of this article is to develop a hybrid CART-logit model that combines decision trees (CART algorithm) with binomial logit model. The dependent variable refers to the decision-making process in Polish households in the area of durable goods. The results have shown that hybridization of these two analytical tools can improve the accuracy of prediction and enrich the interpretation of relationships among variables.

  • Issue Year: 2014
  • Issue No: 336
  • Page Range: 60-69
  • Page Count: 10
  • Language: Polish