In this paper we analyse wine demand in Italy with microdata. Instead of estimating a parametric model, we study the demand following a non parametric approach by means of the Artificial Neural Networks. The input set includes the usual economic variables (price and income) and some socio-demographic factors, that are shown to be also relevant for demand analysis. We compute the elasticity using two different nonparametric procedures.
Analyzing Wine Demand with Artificial Neural Network
GEROLIMETTO, Margherita;MAURACHER, Christine;PROCIDANO, Isabella
2008-01-01
Abstract
In this paper we analyse wine demand in Italy with microdata. Instead of estimating a parametric model, we study the demand following a non parametric approach by means of the Artificial Neural Networks. The input set includes the usual economic variables (price and income) and some socio-demographic factors, that are shown to be also relevant for demand analysis. We compute the elasticity using two different nonparametric procedures.
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