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2003 Jul 15
0
Multinomial Logit with multiple groups
...'A' values in the equation are the parameters of the stochastic utility model that must be estimated from a sample of races. The likelihiood function can be written: j exp(L) = 'Product' Pjh* j=1 where j denetes a race, h* is the horse observed to win race j, and L is the log-likelihood function. ********************************************* In an ideal world I would hope for the R code to solve a toy problem using the above method. I can provide a jpg of the paper and a dataset if required. But re...