Mixture regression models have increasingly received attention from both marketing theory and practice, but the question of selecting the correct number of segments is still without a satisfactory answer. Various authors have considered this problem, but as most of available studies appeared in statistics literature, they aim to exemplify the effectiveness of new proposed measures, instead of revealing the performance of measures commonly available in statistical packages. The study investigates how well commonly used information criteria perform in mixture regression of normal data, with alternating sample sizes. In order to account for different levels of heterogeneity, this factor was analyzed for different mixture proportions. As existing studies only evaluate the criteria's relative performance, the resulting success rates were compared with an outside criterion, so called chance models. The findings prove helpful for specific constellations.
CITATION STYLE
Sarstedt, M., & Schwaiger, M. (2008). Model selection in mixture regression analysis - A Monte Carlo simulation study. In Studies in Classification, Data Analysis, and Knowledge Organization (pp. 61–68). Kluwer Academic Publishers. https://doi.org/10.1007/978-3-540-78246-9_8
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