Predictive-Analytics-Forecasting

Discrete choice model

Problems - Data - Solutions

E3. Binary Choice Logistic Regression

E4. Specification and Tests

Horowitz, Likelihood-ratio, hist_prediction

E6. Multinomial Logit

• Predict choice probabilities
• Interaction variable
• Direct Elasticities, cross elasticities
• Willingness to pay
• Discount rate, predict market share

E7. Forecasting

E7. Actual market share, predict market share, revenue