Explain multinomial logit is a suitable model for problem

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Reference no: EM13139854

The Housing Department of the Government wants to analyze the housing tenure decisions of the Spaniards to guide its future policies. They conduct a survey and ?nd that among the interviewed individuals either they rent a ?at, or buy a ?at, or buy a house. The Department asks you to estimate a model that could ?t this situation.

a) Do you think that a multinomial logit is a suitable model for this problem? Explain why.
b) Suggest some alternative(s) to the multinomial logit and explain why you select them.

Reference no: EM13139854

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