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Activity Number:
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343
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Type:
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Contributed
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Date/Time:
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Tuesday, July 31, 2007 : 2:00 PM to 3:50 PM
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Sponsor:
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Social Statistics Section
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| Abstract - #308357 |
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Title:
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Reckless or Responsible: A Multivariate Statistical Analysis of Consumer Spending
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Author(s):
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Shannon Grant*+ and Emilola Abayomi
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Companies:
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SUMSRI and SUMSRI
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Address:
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10188 Memory Lane, Rathdrum, ID, 83858,
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Keywords:
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Consumer Spending
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Abstract:
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As Americans spend more and save less, there is a need to evaluate variables which influence spending habits. First, we reduce the number of variables with principal components analysis and identify underlying factors by grouping correlated variables in factor analysis. Finally, we use discriminant analysis to develop a rule for classifying individual consumers as either reckless or responsible spenders.
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- The address information is for the authors that have a + after their name.
- Authors who are presenting talks have a * after their name.
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