The MDC procedure provides maximum likelihood (ML) or simulated maximum likelihood estimates of multinomial discrete choice models in which the choice set consists of unordered multiple alternatives. The decision makers can be people, households, firms, or any other decision-making units, and the alternatives are a set of competing options. Unordered multiple choices are observed in many settings, including choices of housing location, occupation, political party affiliation, and mode of transportation.
The MDC procedure supports the following models and features:
intuitive
conditional logit
nested logit
heteroscedastic extreme value
multinomial probit
mixed logit
pseudorandom or quasi-random numbers for simulated maximum likelihood estimation
bounds imposed on the parameter estimates
linear restrictions imposed on the parameter estimates
SAS data set containing predicted probabilities and linear predictor () values
decision tree and nested logit
model fit and goodness-of-fit measures, including the following:
likelihood ratio
Aldrich-Nelson
Cragg-Uhler 1
Cragg-Uhler 2
Estrella
adjusted Estrella
McFadden’s LRI
Veall-Zimmermann
Akaike’s information criterion (AIC)
Schwarz criterion or Bayesian information criterion (BIC)