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Hi, Can anyone solve this question ? Multinomial Probit and Logit Models Example Exercise 5 (9 points) Take this output table with marginal effects of
Hi, Can anyone solve this question ?
Multinomial Probit and Logit Models Example Exercise 5 (9 points) Take this output table with marginal effects of a conditional model. Interpret - the income coefficients Beach Pier Private Charter - the price pier coefficients boat boat . the catch rate private coefficients Income -0.0007 -0.010* 0.032* -0.022* Price Beach -0.0013* 0.00009* 0.0006* 0.0006* Price Pier 0.00009* -0.0016* 0.0007* 0.0008* Price Private 0.0006* 0.0007* -0.0061* 0.0049* Price Charter 0.0006* 0.0008* 0.0049* -0.0062* Catch Rate Beach 0.0178* -0.0012* -0.0079* -0.0087* Catch Rate Pier -0.0012* 0.022* -0.01* -0.011* Catch Rate Private -0.0079* -0.01* 0.087* -0.069* Catch Rate Charter -0.0087* -0.011* -0.069* 0.089* Multinomial Probit and Logit Models Example Exercise 5 (9 points) Take this output table with marginal effects of a conditional model. Interpret - the income coefficients Beach Pier Private Charter - the price pier coefficients boat boat . the catch rate private coefficients Income -0.0007 -0.010* 0.032* -0.022* Price Beach -0.0013* 0.00009* 0.0006* 0.0006* Price Pier 0.00009* -0.0016* 0.0007* 0.0008* Price Private 0.0006* 0.0007* -0.0061* 0.0049* Price Charter 0.0006* 0.0008* 0.0049* -0.0062* Catch Rate Beach 0.0178* -0.0012* -0.0079* -0.0087* Catch Rate Pier -0.0012* 0.022* -0.01* -0.011* Catch Rate Private -0.0079* -0.01* 0.087* -0.069* Catch Rate Charter -0.0087* -0.011* -0.069* 0.089*Step by Step Solution
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