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In the `mlogit` package there is a data set called `Fishing` in R programming.This data depicts a customer choice model of different recreational fishing choices.This is based on price, how many fish...

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In the `mlogit` package there is a data set called `Fishing` in R programming.


This data depicts a customer choice model of different recreational fishing choices.


This is based on price, how many fish are caught, and income.

(1) Create a model based on price, catch, and income, that tells me about a customers choice of mode. Try different type of models and explain on how would you chose the best out of it.


(2) Describe how you arrived at your model and any insights it provides.
Answered 1 days After Feb 26, 2023

Solution

Aditi answered on Feb 27 2023
35 Votes
Description on Code
The code provided is a set of tests for functions related to multinomial and conditional logit models in R.
The tests are checking different properties and outputs of these models using the mlogit and mclogit packages.
The mlogit tests include:
Building two multinomial logit models with different predictors and testing whether they are co
ectly identified as multinomial and not ordinal or linear.
Testing different combinations of function arguments for find_predictors to check whether it...
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