• Title/Summary/Keyword: Variable selection methods and model seletion criteria

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Conjoint analysis by merging attributes (속성 병합에 의한 컨조인트 분석)

  • Lim, Yong B.;Park, Gahee;Chung, Jong Hee
    • Journal of Korean Society for Quality Management
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    • v.45 no.1
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    • pp.55-64
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    • 2017
  • Purpose: A large number of attributes with mixed levels are often considered in the conjoint analysis. The respondents may have difficulty with scoring their preferences accurately because of many attribute items involved in each survey question. We research on the technique for reducing the number of attribute items. Methods: In order to reduce the number of attribute items in a survey question, we make a new attribute by merging two original attributes. A 'No question' option is also included as a new level in a merged attribute. Results: We propose BIB $6^4$ design in the case where we have four attributes with 2 levels and 3 levels, respectively and then analyze all the respondents survey data generated by the repeated simulation study in order to compare various model selection methods. Conclusion: How to reduce the number of attribute items is proposed and how to design and analyze the survey data are illustrated.