• Title/Summary/Keyword: ordered logit regression

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A Bayesian Threshold Model for Ordered Categorical Traits (순서범주형자료 분석을 위한 베이지안 분계점 모형)

  • Choi Byangsu;Lee Seung-Chun
    • The Korean Journal of Applied Statistics
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    • v.18 no.1
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    • pp.173-182
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    • 2005
  • A Bayesian threshold model is considered to analyze binary or ordered categorical traits. Gibbs sampler for making full Bayesian inferences about the category probability as well as the regression coefficients is described. The model can be regarded as an alternative to the ordered logit regression model. Numerical examples are shown to demonstrate the efficiency of the model.

Analysis of Multicategory Responses with Logit Model on Earlyold Age Pension

  • Kim, Mi-Jung
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.3
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    • pp.735-749
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    • 2008
  • This article suggests application of logit model for analysis of multicategory responses. Referring to the reference category, characteristic of each category is obtained from analysis of polytomous logit model. With National Pension data it is illustrated that application of logit model helps it possible to find significant factors which may not be found only with polytomous logit model. Application of the logit model is done by reducing the number of categories. Categories are grouped into the former and the latter group according to reference category. Extra finding of significant factor was possible from logistic regression analysis for the two groups after removing the reference category. It is expected that this application would be helpful for finding information and characteristics on ordered multicategory responses where the proportional odds model does not fit.

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Comparative study of prediction models for corporate bond rating (국내 회사채 신용 등급 예측 모형의 비교 연구)

  • Park, Hyeongkwon;Kang, Junyoung;Heo, Sungwook;Yu, Donghyeon
    • The Korean Journal of Applied Statistics
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    • v.31 no.3
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    • pp.367-382
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    • 2018
  • Prediction models for a corporate bond rating in existing studies have been developed using various models such as linear regression, ordered logit, and random forest. Financial characteristics help build prediction models that are expected to be contained in the assigning model of the bond rating agencies. However, the ranges of bond ratings in existing studies vary from 5 to 20 and the prediction models were developed with samples in which the target companies and the observation periods are different. Thus, a simple comparison of the prediction accuracies in each study cannot determine the best prediction model. In order to conduct a fair comparison, this study has collected corporate bond ratings and financial characteristics from 2013 to 2017 and applied prediction models to them. In addition, we applied the elastic-net penalty for the linear regression, the ordered logit, and the ordered probit. Our comparison shows that data-driven variable selection using the elastic-net improves prediction accuracy in each corresponding model, and that the random forest is the most appropriate model in terms of prediction accuracy, which obtains 69.6% accuracy of the exact rating prediction on average from the 5-fold cross validation.

Analysis of Residential Environment Satisfaction and Residential Preference in Daegu Downtown (대구 도심의 주거환경만족도와 거주의향 분석)

  • Song, Heung-Soo;Im, Jun-Hong;Kim, Han-Soo
    • Journal of the Korean housing association
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    • v.26 no.5
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    • pp.133-141
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    • 2015
  • As an empirical study on Daegu Downtown showing decentralization phenomenon, the purpose of this study is, based on the residential satisfaction research targeting the Downtown residents, to analyze the residential environment satisfaction and residential preference. Considering the parameters of measurement, we used the Ordered Logit Model and Logistic Regression. The results are as follows: First, the comprehensive residential environment satisfaction is relatively lower than that in 2008 and the residential preference in Downtown is similar to that of the past. Second, among the 7 factors that constitute the Downtown residential environment, the house, the landscape, and the security have a relatively large influence on the comprehensive residential environment satisfaction. Third, the residential environment factors which affect those who are hoping continuous Downtown residence are the safety, the house and the complex.

Taiwanese consumers' preference for dried persimmons related to the Korean wave

  • Park, Jaehong;Hong, Seungjee
    • Korean Journal of Agricultural Science
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    • v.47 no.3
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    • pp.553-565
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    • 2020
  • This study did an empirical analysis using consumer survey data to determine whether Taiwanese consumers' preference for the Korean Wave affects their preference for Korean dried persimmons. There were 158 effective respondents used for the analysis, and the effects of the Korean Wave was estimated using ordered logit regression. The main results of this study were as follows. First, females more preferred Korean dried persimmons compared to men. Second, it was found that the housewife variable had a statistically significant positive effect at a significance level of 1% indicating that the degree of preference for Korean dried persimmons was higher compared to other occupations. Third, when the main place for purchasing dried persimmons was a department store or a large discount store, the analysis result showed a positive effect at a significance level of 1%. Finally, the Korean wave effect was found to have a statistically significant positive influence at a 1% significance level. In particular, it is worth noting that as the Taiwanese consumers' preference for the Korean Wave increased, the preference for Korean dried persimmons increased, which could be useful information for companies wishing to export Korean dried persimmon products to Taiwan. As a promotional plan for revitalizing Korean dried persimmons in Taiwan, conducting promotional events in conjunction with the Korean Wave, such as K-pop contests, and promoting persimmons that reflect Korean traditional culture should be considered.

The Role of Clients in Software Projects with Agile Methods (애자일 방법론을 사용한 소프트웨어 프로젝트에서의 사용자 역할 분석)

  • Kim, Vladimir;Cho, Wooje;Jung, Yoonhyuk
    • Journal of Intelligence and Information Systems
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    • v.25 no.3
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    • pp.141-160
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    • 2019
  • Agile methodologies in software development, including the development of artificial intelligence software, have been widespread over the past several years. In spite of the popularity of agile methodologies in practice, there is a lack of empirical evidence to identify determinants of success of software projects in which agile methods are used. To understand the role of clients in software project where agile methods are used, we examine the effect of client-side factors, including lack of user involvement, unrealistic client expectations, and constant changes of requirements on project success from practitioners' perspective. Survey methods are used in this study. Data were collected by means of online survey to IT professionals who have experience with software development methodologies, and ordered logit regression is used to analyze the survey data. Results of our study imply the following managerial findings. First, user involvement is critical to project success to take advantage of agile methods. Second, it is interesting that, with an agile method, constant changes of client's requirements is not a negative factor but a positive factor of project success. Third, unrealistic client expectations do negatively affect project success even with agile methods.

A Study on Factors Influencing Needs for Personal Assistance Service in the Workplace for People with Severe Disabilities (중증장애인의 근로지원인서비스 욕구에 영향을 미치는 요인에 관한 연구)

  • Han, Kyung-Sung
    • Korean Journal of Social Welfare
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    • v.63 no.3
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    • pp.29-53
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    • 2011
  • This paper analyzed factors to affect needs for personal assistance service in the workplace for people with disabilities. The statistical analyses adapted in this study were the Frequency Analysis, Ordered Logit Analysis, Multiple Regression Analysis. The results of analysis are summarized as follows. First, through the Frequency Analysis many people with severe disabilities in the workplace found to have a high desire of the personal assistance service in the workplace, and factors like types of disability, the degree of disability, income basis found to include in the selection criteria of personal assistance service in the workplace. Second, through Ordered Logit Analysis and Multiple Regression Analysis factors to affect needs for personal assistance service in the workplace for people with disabilities found to include factors like residential district, age, level of education, assistance activities of family. By the results of analysis, it is suggested practical implications and policy implications.

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Analysis on the Satisfaction Factors of Housing Performance and Residential Environment of Public Housing in Seoul (서울시 공공임대주택 주택성능과 주거환경 만족도에 미치는 영향요인)

  • Sung, Jin-Uk;Nam, Jin
    • Journal of Korea Planning Association
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    • v.54 no.3
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    • pp.49-62
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    • 2019
  • In order to balance with supply policy, public housing management and operation policies have been implemented in terms of housing welfare, but citizens have not yet achieved the results that the citizens are experiencing. The purpose of this study is to analysis the residential satisfaction of the including the housing performance through the characteristics of the public housing residents in Seoul. The data used in this study is based on the survey data of public housing panel survey in Seoul (2016). The study method used ordered logistic regression analysis based on the fact that dependent variables appeared as ordered responses. Major research results are as follows. Firstly, housing performance and residential satisfaction may not match. Even though the satisfaction of housing area, type, and management fee is high, satisfaction with residential environment is low if commuting distance, the number of small libraries, and hospitals are small. Secondly, it showed different characteristics of residential environment factors among types of public housing. Rather than focusing on supply, customized supply is needed considering characteristics of public housing types. Thirdly, the policy for public housing needs to be realized by a fair policy on the residential environment. It is necessary to contribute to better housing stability as a customized policy considering the local residential environment.

A Study on Technological Innovation and Employment Performance from the Perspective of Process : Focused on Small and Medium Sized Enterprises (프로세스 관점에서의 기술혁신 및 고용성과에 관한 연구 : 중소기업을 중심으로)

  • Bong, Kang Ho;Park, Jaemin
    • Journal of Korea Technology Innovation Society
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    • v.21 no.4
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    • pp.1508-1535
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    • 2018
  • Employment in enterprises is a consecutive decision-making process based on the results of their innovative activities and it is necessary to consider this relationship as well explicitly in an analysis of the employment performance through technological innovation. Based on this critical mind, this study would analyze the structural relationships among enterprises' innovative activities, the performance of technological innovation, a compensation system and the creation of employment, reflecting the correlation of the process of the actual technology management performed simultaneously, utilizing the seemingly unrelated regression(SUR) model to estimate a simultaneous equation in addition to analyzing the relationship between technological innovation and the effect on employment with the ordered logit model to estimate a single equation as in the preceding studies. As a result of the analysis, a structural relationship could be found out, in which the execution of the compensation system would increase the performances of technical development and technology commercialization, which in turn, accelerates enterprises' employment. Especially, it is judged that enterprises' employment performance increases when technological innovation is managed from a process perspective in that the commercialization performance, as well as technical development, acts as a kind of hurdle in the effect on employment.

Exploring consumer awareness and attitudes towards eco-friendly packaging among undergraduate students in Korea

  • Quedahm Chin;Seungjee Hong
    • Korean Journal of Agricultural Science
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    • v.50 no.4
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    • pp.697-711
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    • 2023
  • The global waste crisis has been escalating and its consequent impact on soil, water, air pollution, and eventually climate change acceleration has shed light on the importance of reducing waste. Amidst COVID-19 and the following surge in single-use plastics for food delivery, waste generation is on the incline. Companies and governments have embarked on developing various eco-friendly packaging technologies, but their effectiveness on the consumers is vague as definitions of eco-friendly packaging are vague, and research on its link to purchase intention remains scarce. Thus, the adoption of eco-friendly packaging has been slow. To address this issue, this study analyzes the awareness and purchase intention of four visual attributes of eco-friendly packaging-material, verbal statement, eco-label, and color-along with the environmental consciousness among undergraduate university students in Korea through online surveys and the ordered logit regression model. The study distinguished the attributes into evidence-based and conjectural categories. The findings revealed that eco-friendly visual attributes had a positive effect on purchase intention amongst undergraduate students in Korea; however the level of environmental consciousness had marginal effect on the purchase intention of eco-friendly visual attributes. The level of effectiveness also varied with each visual element. Analyses revealed that visual attributes to eco-friendly material had marginal effect on purchase intention; color was deemed not an "Eco-friendly attribute" by most students, and although eco-friendly labels were deemed as an eco-friendly attribute, trust in the labels varied according to environmental consciousness. These findings have implications for businesses and policymakers aiming to promote eco-friendly consumption within packaged food products.