3. In the example of using Wyoming as the reference case, discuss the effect on the estimated model parameters, including the intercept, if another state was selected as the reference case.

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter13: Decision Making Under Uncertainty
Section13.3: Flaws In Expected Maximization Of Utility: Prospect Theory And Framing Effects
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3. In the example of using Wyoming as the reference case,
discuss the effect on the estimated model parameters, including
the intercept, if another state was selected as the reference case.
v. Bayesian Theorem
Transcribed Image Text:3. In the example of using Wyoming as the reference case, discuss the effect on the estimated model parameters, including the intercept, if another state was selected as the reference case. v. Bayesian Theorem
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