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Market Research Analyst with a demonstrated history of driving business success through ac

9. Latent Class Framework

Description

This project is applied latent class segmentation methodologies. The project provides a detailed analysis focusing on latent class segmentation techniques, primarily used in market research and data analysis. The presentation appears to cover various aspects of statistical modeling and interpretation.


Result

Key Highlights:


1. Statistical Modeling: This section likely provides an overview of latent class segmentation as a statistical technique, explaining its probabilistic nature and comparing it to other clustering methods like K-means. It discusses the assumptions behind latent class models, such as local independence, and the process of maximizing the log-likelihood function in model estimation.


2. Indicators and Covariates: This part of the presentation might detail how indicators and covariates are used in latent class segmentation. Indicators are variables used to form segments, while covariates may help in understanding or predicting these segments.


3. Statistical Output Interpretation: The presentation would explain how to interpret the results of latent class analysis, focusing on aspects like model selection criteria, classification error, and the use of information criteria like BIC and AIC.


4. Segmentation Process: This could involve a step-by-step guide on conducting latent class segmentation, including data preparation, model estimation, and interpreting results.




5. Case Studies or Examples: The presentation might include real-world examples or case studies to illustrate the application of latent class segmentation in market research.


 

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2023 - Present

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