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Assumption of
Multinomial Logit Model
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Google
Econometrics Academy - Multinomial Probit and Logit Models
The multinomial probit and logit models have a dependent variable that is a categorical, unordered variable. The choices/categories are called alternatives (coded as 1, 2, 3, 4…) and only one alternative can be selected. Examples include the type of insurance contract that an individual selects,
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