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17 relations: Choice model simulation, Comparison of statistical packages, Discrete choice, Econometrics, Latent class model, Likelihood-ratio test, LIMDEP, List of statistical packages, Microsoft Windows, Mixed logit, Multinomial logistic regression, Multinomial probit, Proprietary software, Score test, Statistics, Wald test, Willingness to pay.
Choice model simulation
Although the concept choice models is widely understood and practiced these days, it is often difficult to acquire hands-on knowledge in simulating choice models.
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Comparison of statistical packages
The following tables compare general and technical information for a number of statistical analysis packages.
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Discrete choice
In economics, discrete choice models, or qualitative choice models, describe, explain, and predict choices between two or more discrete alternatives, such as entering or not entering the labor market, or choosing between modes of transport.
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Econometrics
Econometrics is the application of statistical methods to economic data and is described as the branch of economics that aims to give empirical content to economic relations.
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Latent class model
In statistics, a latent class model (LCM) relates a set of observed (usually discrete) multivariate variables to a set of latent variables.
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Likelihood-ratio test
In statistics, a likelihood ratio test (LR test) is a statistical test used for comparing the goodness of fit of two statistical models — a null model against an alternative model.
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LIMDEP
LIMDEP is an econometric and statistical software package with a variety of estimation tools.
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List of statistical packages
Statistical software are specialized computer programs for analysis in statistics and econometrics.
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Microsoft Windows
Microsoft Windows is a group of several graphical operating system families, all of which are developed, marketed, and sold by Microsoft.
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Mixed logit
Mixed logit is a fully general statistical model for examining discrete choices.
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Multinomial logistic regression
In statistics, multinomial logistic regression is a classification method that generalizes logistic regression to multiclass problems, i.e. with more than two possible discrete outcomes.
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Multinomial probit
In statistics and econometrics, the multinomial probit model is a generalization of the probit model used when there are several possible categories that the dependent variable can fall into.
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Proprietary software
Proprietary software is non-free computer software for which the software's publisher or another person retains intellectual property rights—usually copyright of the source code, but sometimes patent rights.
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Score test
Rao's score test, also known as the score test or the Lagrange multiplier test (LM test) in econometrics, is a statistical test of a simple null hypothesis that a parameter of interest \theta is equal to some particular value \theta_0.
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Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data.
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Wald test
The Wald test is a parametric statistical test named after the statistician Abraham Wald.
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Willingness to pay
Willingness to pay (WTP) is the maximum price at or below which a consumer will definitely buy one unit of a product.
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