Simulation of new choice - market share of new product
Posted: 21 Nov 2022, 10:43
Dear authors,
thank you for building this nice package.
I would like to simulate a new choice within a logit model in Apollo. I would like to predict the aggregate market share of this new product and individual choice probabilities. I would like to do so it by altering the attributes of existing products and using the estimated parameters of the base model (with only the two original products). How can I do that? Essentially I would like to replicate example #6 from package mlogit in this link: https://cran.r-project.org/web/packages ... logit.html.
Thank you and best regards,
L
thank you for building this nice package.
I would like to simulate a new choice within a logit model in Apollo. I would like to predict the aggregate market share of this new product and individual choice probabilities. I would like to do so it by altering the attributes of existing products and using the estimated parameters of the base model (with only the two original products). How can I do that? Essentially I would like to replicate example #6 from package mlogit in this link: https://cran.r-project.org/web/packages ... logit.html.
Thank you and best regards,
L