A comparison of generalized multinomial
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Joseph Pancras; Dipak K. Dey
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Article
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2011
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John Wiley and Sons
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English
β 292 KB
π 1 views
We calibrate and contrast the recent generalized multinomial logit model and the widely used latent class logit model approaches for studying heterogeneity in consumer purchases. We estimate the parameters of the models on panel data of household ketchup purchases, and find that the generalized mult