[Limdep Nlogit List] NLogit probabilities for ranked data
contactemt at bigfoot.com
Fri Mar 9 04:50:04 EST 2007
I understand for a discrete choice the "probs" function returns the probability of being chosen.
But what does the probabilities returned represent if the dependent variable is Ranks, frequencies or proportions?
For example I have this model:
NLOGIT ; Lhs = BFRANK, CT
; Rhs = v
; Prob = probs
; Ranks $
Where 1 = "best",2,3....etc
Is probs the probability of being best?
Similarly for frequencies, is probs the probability of highest frequency, and for proportions, the biggest proportion?
If not I can't work out what they signify.
Thanks for any input.
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