What Is the Difference Between Multinomial Logit and Conditional Logit

question 3

Multiple Choice

What is the difference between multinomial logit and conditional logit?

• A)conditional logit allows for variables to vary by individual and choice while multinomial logit only allows them to vary by individual
• B)multinomial logit allow for 3+ choices,conditional logit only accommodates 2
• C)multinomial logit is estimated with least squares,conditional logit by maximum likelihood
• D)multinomial logit has different coefficients for each choice equation,conditional logit has equal coefficients across choice equations on common variables

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Definitions:

Function

An action or activity assigned to or expected from a person or thing.

Epidermis

The outermost layer of the skin, serving as a protective barrier against environmental hazards.

Lamellated Corpuscle

A nerve ending found in the skin and other tissues that is sensitive to pressure and vibration, also known as a Pacinian corpuscle.

Arrector Pili Muscle

A small muscle attached to hair follicles in mammals, responsible for causing hairs to stand up when the organism is cold or frightened.