Penalizing ordered and multinomial likelihood functions with prior information for discrete choice modeling of consumer demand
This research note extends Bayesian discriminant analysis procedures to the ordered and multinomial logistic likelihood functions. Use of the procedure is warranted when the researcher desires to identify the membership of individuals randomly drawn from distinct groups or locations in a population,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2021-12-01
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| Series: | Journal of Agriculture and Food Research |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666154321001447 |