A Joint Specification Test for Response Probabilities in Unordered Multinomial Choice Models
Estimation results obtained by parametric models may be seriously misleading when the model is misspecified or poorly approximates the true model. This study proposes a test that jointly tests the specifications of multiple response probabilities in unordered multinomial choice models. The test stat...
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| Format: | Article |
| Language: | English |
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MDPI AG
2015-09-01
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| Series: | Econometrics |
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| Online Access: | http://www.mdpi.com/2225-1146/3/3/667 |