scalablebayesm (version 0.2)
Distributed Markov Chain Monte Carlo for Bayesian Inference in
Marketing
Description
Estimates unit-level and population-level parameters from a hierarchical model in marketing applications. The package includes:
Hierarchical Linear Models with a mixture of normals prior and covariates,
Hierarchical Multinomial Logits with a mixture of normals prior and covariates,
Hierarchical Multinomial Logits with a Dirichlet Process prior and covariates. For more details, see Bumbaca, F. (Rico), Misra, S., & Rossi, P. E. (2020) "Scalable Target Marketing: Distributed Markov Chain Monte Carlo for Bayesian Hierarchical Models". Journal of Marketing Research, 57(6), 999-1018.