In this article, we will be reviewing a research paper, titled: Combining Discrete and Continuous Representations of Preference Heterogeneity: A Latent Class Approach. Possible methods to incorporate variability in leisure requirements are examined in this research paper. The focus of the paper is on finding alternative methods to incorporate heterogeneity in recreational demand. The researchers…… Continue reading Combining Discrete And Continuous Representations Of Preference Heterogeneity: A Latent Class Approach