Question about HB MMNL model example output.
Posted: 05 Jan 2022, 09:35
Dear all,
I am a new user of Apollo, working on HB_MMNL model.
I have some questions to interpret the model output.
1. I can see there are some different outputs of estimation. If I understand correctly, "Upper level model results” could be used to parameter estimates. Is it correct?
2. I have a difficulty to interpret the “t-test value for Geweke test” How can I determine the significance of estimated parameters? Is it the same as the general (e.g. 1.96 for 95% etc)?
3. How can I figure out goodness-of-fit of the models? It seems classical rho-squared values are not applicable. Is there any alternative index?
Thanks in advance.
Best regards,
Yeonwoo Jung
I am a new user of Apollo, working on HB_MMNL model.
I have some questions to interpret the model output.
1. I can see there are some different outputs of estimation. If I understand correctly, "Upper level model results” could be used to parameter estimates. Is it correct?
2. I have a difficulty to interpret the “t-test value for Geweke test” How can I determine the significance of estimated parameters? Is it the same as the general (e.g. 1.96 for 95% etc)?
3. How can I figure out goodness-of-fit of the models? It seems classical rho-squared values are not applicable. Is there any alternative index?
Thanks in advance.
Best regards,
Yeonwoo Jung