Which Model Requires the Assumption of Independence of Irrelevant Alternatives

question 6

Multiple Choice

Which model requires the assumption of independence of irrelevant alternatives?

• A)conditional logit
• B)nested logit
• C)multinomial probit
• D)mixed logit

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Definitions:

Prioritization Matrix

A decision-making tool used to rank different options or projects based on specific criteria, helping to allocate resources efficiently.

Collaborative Decision Making

The process where two or more individuals or groups work together to make a choice that is agreeable to all involved.

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The process of improving one's ability to convey and receive information effectively.

Collaborative Decision Making

The process where multiple individuals or groups work together to make a decision, combining their knowledge, expertise, and perspectives.