Rchoice is a package in R for estimating Ordered, Binary and Poisson models with random parameters for cross-sectional and panel data.
What kind of models can be estimated?
- Binary (Logit/Probit), Ordered (Logit/Probit) and Poisson Models with fixed (non-stochastic) parameters
- Binary (Logit/Probit), Ordered (Logit/Probit) and Poisson models with random coefficients. The distribution of the coefficients can be normal, log-normal, truncated normal, triangular, uniform and Johnson Sb.
- Random Effects model for Panel or longitudinal data
- Estimate the conditional individual-specific coefficient