Timeline for Interpretation of a classic multinomial logit vs. BMA of multinomial logit
Current License: CC BY-SA 4.0
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| Dec 5, 2018 at 20:37 | history | edited | Adasz | CC BY-SA 4.0 |
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| Dec 5, 2018 at 20:30 | history | edited | Adasz | CC BY-SA 4.0 |
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| Dec 5, 2018 at 20:21 | history | edited | Adasz | CC BY-SA 4.0 |
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| Dec 5, 2018 at 16:19 | history | edited | Adasz | CC BY-SA 4.0 |
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| Dec 5, 2018 at 15:17 | history | edited | Adasz | CC BY-SA 4.0 |
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| Dec 5, 2018 at 14:07 | answer | added | Jesper for President | timeline score: 1 | |
| Dec 5, 2018 at 14:02 | comment | added | Jesper for President | Well you only have individual specific variables. | |
| Dec 5, 2018 at 13:45 | comment | added | Adasz | I've added IVs description and link to my data to the body. | |
| Dec 5, 2018 at 13:43 | history | edited | Adasz | CC BY-SA 4.0 |
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| Dec 5, 2018 at 13:33 | history | edited | Adasz | CC BY-SA 4.0 |
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| Dec 5, 2018 at 13:28 | comment | added | Jesper for President | It a SAS manual the link you provided. I cant tall you how youre data looks but yes it sounds like that may be the case. Provide minimum example with youre data then I can have a look at it. | |
| Dec 5, 2018 at 13:24 | comment | added | Adasz | Yes, but in my case there are none, are they? This STATA post deals with alternative-specific and individual-specific variables. According to it, if I get it right, I do not have any alternative-specific IV. My IVs are, as I said, only individual financial characteristics (leverage, cash balance, qratio, etc.) and other dummies reflecting if the acquirer and target are from the same country, industry, if the target is a private/public company. | |
| Dec 5, 2018 at 13:20 | comment | added | Jesper for President | A variable is alternative-specific if it displays variation across alternatives. So from what you're writing my guess would be no. Because you only have porperties of the individual engaged in the transaction. Maybe you could provide a minimum example including you're data. | |
| Dec 5, 2018 at 13:08 | comment | added | Adasz | If I understand it right, I do not have any alternative-specific variables. My data concern M&A transactions, which were either paid by in cash, stock or mix (of these). My independent variables are financial and other characteristics of the acquirer in the particular transaction. Hence, I do not have any alternative-specific variables like in logit models studying mode of transport etc. Or am I wrong? | |
| Dec 5, 2018 at 12:42 | comment | added | Jesper for President | Is your data in wideform? There should be one record for each individual. Alternative-specific variables occupy single column per alternative. And I also think you need to provide and index of alternative specific variables see the help page for bic.mlogit that states that "Indices of variables within data that are alternative-specific." is set by the variable "varying" in the call. | |
| Dec 5, 2018 at 12:04 | history | asked | Adasz | CC BY-SA 4.0 |