Calculating logsum from the estimated model
Posted: 22 Oct 2021, 13:25
Hi Prof Hess/ Prof Palma
While estimating a nested logit with 4 nests, I get 3 log sum parameters. Two values are below 1 while one is above 2.
So is the output normalized and it should come between 0 and 1 or is it 1/(log sum Parameter).
While estimating a nested logit with 4 nests, I get 3 log sum parameters. Two values are below 1 while one is above 2.
So is the output normalized and it should come between 0 and 1 or is it 1/(log sum Parameter).