This series of videos discusses various mistakes that are commonly done in the context of discrete choice modeling. The mistakes are identified, and the correct way to deal with the issue is presented.
Click on the title or the YouTube icon to access the video.
|Episode 1:||To be or not to be significant||Removing coefficients that have a t-test less than 1.96 (in absolute value) is not necessarily correct|
|Episode 2:||Survival of the fittest... or not||Concluding that the model with the best fit is the best model is not necessarily correct|
|Episode 3:||Aggregate elasticities||Aggregate elasticities are not the sum of disaggregate elasticities.|