Working Paper

Alternative Methods for Studying Consumer Payment Choice

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;

https://doi.org/10.29338/wp2020-08

Status: Published in 2020

Bibliographic Information

Provider: Federal Reserve Bank of Atlanta

Part of Series: FRB Atlanta Working Paper

Publication Date: 2020-06-23

Number: 2020-8