Article ID: | iaor20013112 |
Country: | Germany |
Volume: | 8 |
Issue: | 3 |
Start Page Number: | 259 |
End Page Number: | 264 |
Publication Date: | Jun 2000 |
Journal: | Central European Journal of Operations Research |
Authors: | Hanousek Jan |
In this paper a McNemar-type test is proposed as a general specification test for binary and multinomial choice models. The test has several advantages including: 1) well-known small-sample properties; 2) an asymptotic distribution that works very well even for small samples; 3) a distribution-free nature; and 4) applicability to non-nested models.