choice modelling

This tag is associated with 1 post

Expected switching for the Dirichlet distribution

A valuable tool in choice modelling is the Dirichlet-multinomial distribution. It’s a compound of the multinomial and Dirichlet distributions and it works like this: A choice between N options is modelled as a multinomial distribution with parameters θ1, θ2, θ3 … θN, where the thetas also represent the probabilities of each option being chosen. For … Continue reading

Blog Stats

  • 336,388 hits

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 528 other followers