|
| Fixed parameter multinomial logit | Random parameter logit | Random parameter logit with heterogeneity in means | Random parameter logit with heterogeneity in means and variances |
IAC | NIAC | IAC | NIAC | IAC | NIAC | IAC | NIAC |
|
2017 |
Number of parameters (K) | 6 | 19 | 6 | 20 | 6 | 20 | 6 | 20 |
Number of observations (N) | 224 | 1399 | 224 | 1399 | 224 | 1399 | 224 | 1399 |
Log-likelihood at zero () | −245.952 | −1536.102 | −245.952 | −1536.102 | −245.952 | −1536.102 | −245.952 | −1536.102 |
Log-likelihood at convergence () | −56.711 | −503.365 | −56.711 | −499.365 | −56.711 | −499.365 | −56.711 | −499.365 |
| 0.769 | 0.672 | 0.769 | 0.675 | 0.769 | 0.675 | 0.769 | 0.675 |
Akaike information criterion (AIC) | 125.422 | 1044.730 | 125.422 | 1038.730 | 125.422 | 1038.730 | 125.422 | 1038.730 |
Bayesian information criterion (BIC) | 145.892 | 1144.357 | 145.892 | 1143.600 | 145.892 | 1143.600 | 145.892 | 1143.600 |
|
2018 |
Number of parameters (K) | 10 | 19 | 10 | 20 | 10 | 21 | 10 | 22 |
Number of observations (N) | 209 | 1675 | 209 | 1675 | 209 | 1675 | 209 | 1675 |
Log-likelihood at zero () | −229.482 | −1839.15 | −229.482 | −1839.15 | −229.482 | −1839.15 | −229.482 | −1839.15 |
Log-likelihood at convergence () | −74.762 | −594.635 | −74.762 | −593.254 | −74.762 | −582.326 | −74.762 | −569.698 |
| 0.674 | 0.677 | 0.674 | 0.677 | 0.674 | 0.683 | 0.674 | 0.690 |
Akaike information criterion (AIC) | 169.524 | 1227.270 | 169.524 | 1226.508 | 169.524 | 1206.652 | 169.524 | 1183.396 |
Bayesian information criterion (BIC) | 202.947 | 1330.318 | 202.947 | 1334.979 | 202.947 | 1320.547 | 202.947 | 1302.715 |
|
2019 |
Number of parameters (K) | 6 | 13 | 6 | 14 | 6 | 15 | 6 | 15 |
Number of observations (N) | 197 | 1500 | 197 | 1500 | 197 | 1500 | 197 | 1500 |
Log-likelihood at zero () | −216.306 | −1647.304 | −216.306 | −1647.304 | −216.306 | −1647.304 | −216.306 | −1647.304 |
Log-likelihood at convergence () | −72.348 | −484.658 | −72.348 | −481.264 | −72.348 | −477.469 | −72.348 | −477.469 |
| 0.666 | 0.706 | 0.666 | 0.708 | 0.666 | 0.710 | 0.666 | 0.710 |
Akaike information criterion (AIC) | 156.696 | 995.316 | 156.696 | 990.528 | 156.696 | 984.938 | 156.696 | 984.938 |
Bayesian information criterion (BIC) | 176.395 | 1064.388 | 176.395 | 1064.913 | 176.395 | 1064.636 | 176.395 | 1064.636 |
|
2017–2019 |
Number of parameters (K) | 14 | 23 | 14 | 25 | 14 | 27 | 14 | 27 |
Number of observations (N) | 630 | 4574 | 630 | 4574 | 630 | 4574 | 630 | 4574 |
Log-likelihood at zero () | −691.74 | −5022.252 | −691.74 | −5022.252 | −691.74 | −5022.252 | −691.74 | −5022.252 |
Log-likelihood at convergence () | −129.161 | −1275.649 | −129.161 | −1269.516 | −129.161 | −1261.398 | −129.161 | −1261.398 |
| 0.813 | 0.746 | 0.813 | 0.747 | 0.813 | 0.749 | 0.813 | 0.749 |
Akaike information criterion (AIC) | 286.322 | 2597.298 | 286.322 | 2589.032 | 286.322 | 2576.796 | 286.322 | 2576.796 |
Bayesian information criterion (BIC) | 348.562 | 2745.145 | 348.562 | 2749.736 | 348.562 | 2750.356 | 348.562 | 2750.356 |
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