Estimating Multinomial Logit Model with Multicollinear Data
Estimating Multinomial Logit Model with Multicollinear Data
The multinomial model is used to study the dependence relationship between a categorical response variable with more than two categories and a set of explicative variables.In presence of multicollinearity, the estimation of the multinomial model parameters becomes inaccurate.To solve this problem we develop an extension of Principal Component Logistic Regression …