Solved

The Basic Conjoint Analysis Model Expressing the Fundamental Relationship Between

Question 12

Multiple Choice

The basic conjoint analysis model expressing the fundamental relationship between attributes and utility in conjoint analysis is shown below: What does αij represent?
U(X) =
M
Σ
I=1
Ki
Σ αijXij j=1


A) 1 if the jth level of the ith attribute is present, or 0 otherwise
B) the part- worth contribution or utility associated with jth level (j, j=1, 2, ...ki) of the ith attribute (i, i=1, 2,...m)
C) number of attributes
D) number of levels of attribute i

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents