Estimate a multinomial logit model using the same data, Finance Basics

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Estimate a multinomial logit model using the same data

Problem

In the illustrative example (warmth category), the assumptions of the proportional odds model is not tenable. As an alternative, estimate a multinomial logit model (MLM) using the same data. Interpret the model and compare it with the proportional odds model.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Finance Basics: Estimate a multinomial logit model using the same data

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Finance Basics: Estimate a multinomial logit model using the same data

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