Hybrid choice model structural part.
Posted: 03 Aug 2021, 03:00
Hello, everyone
I have a very simple question on structural equation part of the hybrid model. While specifying the structural part of latent variable as random coefficients is it fine to just use the normal draws.
For example
I have interNormalDraws = c("eta")
## Now in random coefficient
I have randcoeff[["LV"]] = eta. There are separate indicator equations but the structural equation just has variance.
Basically, I just want to see the effect of latent variable (LV) constructed from different items (indicators) in the choice model, does the way of defining model as mentioned have some complications in model estimation or explanation?
I have a very simple question on structural equation part of the hybrid model. While specifying the structural part of latent variable as random coefficients is it fine to just use the normal draws.
For example
I have interNormalDraws = c("eta")
## Now in random coefficient
I have randcoeff[["LV"]] = eta. There are separate indicator equations but the structural equation just has variance.
Basically, I just want to see the effect of latent variable (LV) constructed from different items (indicators) in the choice model, does the way of defining model as mentioned have some complications in model estimation or explanation?