Page 1 of 1

How to calculate 95% confidence level?

Posted: 31 Oct 2023, 03:00
by Chunyu Song
Dear all,

I ran my model (LCNL) and calculated the WTP using apollo_deltaMethod. Now I want to obtain the 95% confidence intervals for each estimated parameter and the WTP values, but I don't know how to calculate them.

Could you please give me an example (code syntax)? Many thanks!


Best wishes,
Chunyu Song.

Re: How to calculate 95% confidence level?

Posted: 28 Nov 2023, 10:04
by stephanehess
Hi Chunyu

sorry for the slow response.

you can calculate asymptotic confidence intervals by the simple formula

estimate +- 1.96 * standard error

You can do this directly for estimates, and for things like WTP, you can get the value and standard error using apollo_deltaMethod and then apply the formula above

Stephane