choice modelling

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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

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