Tim R. L. Fry (Department of Econometrics and Business
Statistics Monash University) ; Mark N
posted by editor
(28 February 2002)
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There is no qualitative dependent model that can
simultaneously
account for data sets in which the variable of interest has both a
multi-modal distribution and is potentially ordered. Such a
multimodal distribution may be the result of individuals being
captive to particular choices. Such a case arises when there is digit
preferencing (particular numbers, such as 0, 5 and 101 are often
favored in many survey-based data sets). This paper introduces a new
discrete choice model, the Dogit Ordered Extreme Value (DOGEV), that
does account for both ordering and digit preferencing in the data,
and applies it to an Australian Inflationary Expectations data set
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