Ws model the effects of variety-seeking and marketing-mix variables on consumers' purchases of coffee using a nested logit model. We premise that on any given purchase occasion, the utilities of ...

Recently the nested multinomial logit (NMNL) model has been proposed to remedy the "independence of irrelevant alternatives" (IIA) property of the classical multinomial logit (MNL) model. The author ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We compare how logit (fixed effects) and probit early warning systems (EWS) predict insample and out-of-sample currency ...