Research stay at UC3M: DEPARTMENT OF ECONOMICS.
Project: Modelling and analyzing the behavior of consumers on a micro-level is a challenging task. A special feature in this context is the impact of promotion activities of a company. Of course this may change from household to household. Therefore an appropriate approach uses statistical methodology. Since attractive models are semiparametric, the involved stochastic processes do not allow for simple distributional approximations. Therefore, it is important to study appropriate martingale transformations which make practical tests feasible.
Stay period: SEP 14 - FEB 15