Dear all,
I ran Latent Class Analysis with covariates, the dependent and independent variables in the model are binary coded. Is it possible to calculate the marginal effects or elasticity of the parameters? I ran bootstrap estimation as well.
Thanks in advance for your help.
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Marginal Effect or Elasticity
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stephanehess
- Site Admin
- Posts: 998
- Joined: 24 Apr 2020, 16:29
Re: Marginal Effect or Elasticity
Hi
an elasticity relates to a percent change, so only applies for continuous explanatory variables. You could look at the predicted demand at the different levels of your categorical variables
Stephane
an elasticity relates to a percent change, so only applies for continuous explanatory variables. You could look at the predicted demand at the different levels of your categorical variables
Stephane