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Persistent link: https://www.econbiz.de/10012546887
We derive a general approximation to the distribution of count data based on the first two moments of the underlying interarrival distribution. The result is a variant of the Birnbaum-Saunders (BISA) distribution. This distribution behaves like the lognormal in several respects; however, we show...
Persistent link: https://www.econbiz.de/10012726574
We investigate analytical and empirical properties of the Heteroscedastic Exponomial Choice (HEC) model to lay the groundwork for its use in theoretical and empirical research that build demand models on a discrete choice foundation. The HEC model generalizes the Exponomial Choice (EC) model by...
Persistent link: https://www.econbiz.de/10012851582