Remove the intercept
In the last exercise, we forgot to exclude the intercept. When we estimate a model with the intercept, it estimates parameters for each of the alternatives. For this conjoint data, the alternative number just indicates which chocolate bar was presented on the left, middle or right in the survey question. It doesn't make much sense to assume that the position would affect the choice.
Este ejercicio forma parte del curso
Choice Modeling for Marketing in R
Instrucciones del ejercicio
- The
choc_m1object is still loaded. Usesummary(choc_m1)to view the output. Find the parameters for the intercepts. They are close to zero and non-significant, so we can remove them. - Modify the call to
mlogit()to exclude the intercept by adding0 +just after the~in the formula. Assign the output tochoc_m2. You can also remove theprint.level = 3option. - Call
summary(choc_m2)to confirm that the intercepts are removed. Did the other parameters change much?
Ejercicio interactivo práctico
Prueba este ejercicio y completa el código de muestra.
# summarize the choc_m1 model that includes the intercepts
# modify the call to mlogit to exclude the intercept
choc_m2 <- mlogit(Selection ~ Brand + Type + Price, data = chocolate, print.level=3)
# summarize the choc_m2 model