Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose vou estimated a multinomial logit model. The dependent variable CURRENCY {the currencv of bond issue} can take 3 possible values [US Dollar. Euro, Other}.

image text in transcribed
Suppose vou estimated a multinomial logit model. The dependent variable CURRENCY {the currencv of bond issue} can take 3 possible values [\"US Dollar\". "Euro", \"Other\"}. \"US Dollar\" is the base outcome. SAS output for log odds is as follows: Analysis of Maximum Likelihood Estimates W Id Parameter currencv2 ? Pr 2 ChiSq ChI-Square Intercept 57.7008 Intercept 1.4433 Coupon 109.8518 Coupon 10.?428 cr_rating_d 17941 cr_rating_d Other -1.1?2? Higher coupon the likelihood that the dependent variable is equal to "Euro" rather than \"US Dollar\". 0 Increases Q Decreases Q Does not change 0 There is not enough information to answer this

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Differential Equations And Boundary Value Problems

Authors: William E Boyce, Richard C DiPrima

10th Edition

1118475739, 9781118475737

More Books

Students also viewed these Mathematics questions

Question

Wear as little as possible

Answered: 1 week ago

Question

Be relaxed at the hips

Answered: 1 week ago