Alternative Methods for Studying Consumer Payment Choice

25 Pages Posted: 6 Aug 2020

See all articles by Oz Shy

Oz Shy

Federal Reserve Banks - Federal Reserve Bank of Atlanta

Multiple version iconThere are 2 versions of this paper

Date Written: June, 2020

Abstract

Using machine learning techniques applied to consumer diary survey data, the author of this working paper examines methods for studying consumer payment choice. These techniques, especially when paired with regression analyses, provide useful information for understanding and predicting the payment choices consumers make.

Keywords: studying consumer payment choice, point of sale, statistical learning, machine learning

JEL Classification: C19, E42

Suggested Citation

Shy, Oz, Alternative Methods for Studying Consumer Payment Choice (June, 2020). FRB Atlanta Working Paper No. 2020-8, Available at SSRN: https://ssrn.com/abstract=3666539 or http://dx.doi.org/10.29338/wp2020-08

Oz Shy (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Atlanta ( email )

1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States

HOME PAGE: http://www.frbatlanta.org/research/economists/shy-oz.aspx?panel=1

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