Dollars or Cents: Impacts of Rescaling Data on a Mixed Logit Model with Normally and Lognormally Distributed Coefficients

• Author(s) / Creator(s)

  • Hu, Wuyang

• It is a common practice to rescale data to assist the model estimation process. This paper describes a case where care is called upon when interpreting the results after rescaling. The case is shown as associated with the lognormally distributed coefficient in a mixed logit model. Implications of rescaling data on a normally distributed coefficient are also given for comparison.

• Date created

  2004

• Subjects / Keywords

  • Logit models
  • Data

• Type of Item

  Report

• DOI

  https://doi.org/10.7939/R3RX93G2W

• License

  Attribution-NonCommercial-NoDerivatives 3.0 International