A New View on Over-Dispersed Count Data Model: Estimation of Incomplete Demand System with Multivariate Poisson-log Normal Distributions

A common problem in count data models is the over-dispersed quantities of purchase that can plague the model with severe skewness. The traditional method of either censoring or truncating, though may help to avoid part of extreme values, would still pay the cost of losing observations and thus reduce estimation efficiency. Because data on quantities purchased are discrete and over-dispersed and because demands of different brands may be correlated, we specify an approach that uses the multivariate Possion-log normal distribution in an incomplete demand system so that estimation on consumer’s brand choice can be accomplished without information loss.


Issue Date:
Jan 15 2018
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/266533
Language:
English




 Record created 2018-01-15, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)