logitr
Logit Models w/Preference & WTP Space Utility Parameterizations
Fast estimation of multinomial (MNL) and mixed logit (MXL) models in R. Models can be estimated using "Preference" space or "Willingness-to-pay" (WTP) space utility parameterizations. Weighted models can also be estimated. An option is available to run a parallelized multistart optimization loop with random starting points in each iteration, which is useful for non-convex problems like MXL models or models with WTP space utility parameterizations. The main optimization loop uses the 'nloptr' package to minimize the negative log-likelihood function. Additional functions are available for computing and comparing WTP from both preference space and WTP space models and for predicting expected choices and choice probabilities for sets of alternatives based on an estimated model. Mixed logit models can include uncorrelated or correlated heterogeneity covariances and are estimated using maximum simulated likelihood based on the algorithms in Train (2009)
- Version1.1.2
- R version≥ 3.5.0
- LicenseMIT
- Licensefile LICENSE
- Needs compilation?No
- logitr citation info
- Last release07/24/2024
Documentation
- VignetteBasic Usage
- VignetteBenchmarking estimation speed against other packages
- VignetteWTP space convergence issues in other packages
- VignetteData Formatting and Encoding
- VignetteEstimating Models with Interactions
- VignetteEstimating Multinomial Logit Models
- VignetteEstimating Weighted Logit Models
- VignetteEstimating Mixed Logit Models
- VignettePredicting Probabilities and Outcomes with Estimated Models
- VignetteSummarizing Results
- VignetteUtility Models in the Preference & WTP Space
- MaterialREADME
- MaterialNEWS
- In ViewsEconometrics
Team
John Helveston
Connor Forsythe
Show author detailsRolesContributor
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- Depends1 package
- Imports7 packages
- Suggests18 packages
- Reverse Imports1 package
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