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Originally Posted by Ian Meyers
Picking up my black box building after an extended absence and had a couple of questions for those familiar with the topic...
1) Having only used binomial models previously (horse won =1, horse didn't win = 0) I am not sure how to generate other than a zero/one outcome for the dependent variable.
2) Does anyone have any idea where I can pick up a copy of Bolton's multinomial handicapping papers?
Happy Holidays to all!
Ian  |
For an implementation, take a look at
http://cran.r-project.org/web/packag...tes/mlogit.pdf
The model was first introduced in this article (the guy won a Noble prize for his work). The article contains the theory, and proposes an estimation routine.
http://www.econ.berkeley.edu/reprint...n/zarembka.pdf
You may also want to read up on Benter's work wrt the multinomial logit model.
