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Rho squared values for MNL models

Ask general questions about model specification and estimation that are not Apollo specific but relevant to Apollo users.
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Yashin
Posts: 21
Joined: 23 Sep 2021, 01:43

Rho squared values for MNL models

Post by Yashin »

Dear Concern,

I tried looking into standard literature for the interpretation of the Rho squared. The search results report only the findings of Macfadden R square.

Is there any threshold limit for Rho square?

By including more parameters in my MNL model apart from the base MNL, rho square increases from the base MNL model.
stephanehess
Site Admin
Posts: 974
Joined: 24 Apr 2020, 16:29

Re: Rho squared values for MNL models

Post by stephanehess »

Hi

apologies for the slow reply. See e.g. https://doi.org/10.1016/j.jocm.2016.02.001

Stephane
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Stephane Hess
www.stephanehess.me.uk
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