Use a 50% subsample of the fishing mode choice data of Section 15.2. (a) Estimate the multinomial

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Use a 50\% subsample of the fishing mode choice data of Section 15.2.

(a) Estimate the multinomial logit model of Section 15.2.2.

(b) Comment on the statistical significance of parameter estimates.

(c) What is the effect of an increase in income on the various modes of fishing?

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Microeconometrics Methods And Applications

ISBN: 9780521848053

1st Edition

Authors: A.Colin Cameron, Pravin K. Trivedi

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