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

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.

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Year of publication:	2004
Authors:	Hu, Wuyang
Institutions:	Department of Resource Economics and Environmental Sociology (REES), University of Alberta
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	Staff Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Rural Economy>Staff Paper Series Number 24108
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005469348