Hello,
Does are the confidence intervals accurate when the wtp is used on a random attribute AND a random price coefficient?
Delta and KR methods can be done in this case (see https://www-sciencedirect-com.ezprox...91261513001707), but I'm not sure if these methods are built into the wtp command
Thank you!
- This wtp command allows for calculations of willingness-to-pay confidence intervals with the delta, fieller, or KR methods.
- Slide 17 of this mixlogit command explanation says the wtp intervals can be calculated when the attribute (numerator) is random and the price (denominator) is fixed
Does are the confidence intervals accurate when the wtp is used on a random attribute AND a random price coefficient?
Delta and KR methods can be done in this case (see https://www-sciencedirect-com.ezprox...91261513001707), but I'm not sure if these methods are built into the wtp command
Thank you!
