rmdcev (version 1.2.5)

PrepareSimulationData: PrepareSimulationData

Description

Prepare Data for WTP simulation

Usage

PrepareSimulationData(object, policies, nsims = 30, class = "class1")

Value

A list with individual-specific data (df_indiv) and common data (df_common) and n_classes for number of classes and model_num for model type

Arguments

object

an object of class `mdcev`

policies

list containing price_p with additive price increases, and dat_psi_p with new psi data

nsims

Number of simulation draws to use for parameter uncertainty

class

The class number for Latent Class models.

Examples

# \donttest{
data(data_rec, package = "rmdcev")

data_rec <- mdcev.data(data_rec, subset = id <= 500, id.var = "id",
                alt.var = "alt", choice = "quant")

mdcev_est <- mdcev( ~ 0, data = data_rec,
               model = "hybrid0", algorithm = "MLE",
               std_errors = "mvn")

policies <- CreateBlankPolicies(npols = 2, mdcev_est,
             price_change_only = TRUE)

df_sim <- PrepareSimulationData(mdcev_est, policies)

# }