BTS | Table 6 - Multinomial Logit Model for Newest Vehicle Owned

Table 6
Multinomial Logit Model for Newest Vehicle Owned

Dependent variable: newest vehicle owned		Beta	SE	t-stat	P-value
Constant	SUV	–3.137	0.096	–32.6	0.000
	Pickup	–1.258	0.067	–18.9	0.000
	Minivan	–3.515	0.093	–38.0	0.000
Vehicle price/household income		–0.660	0.074	–9.0	0.000
Household size	SUV	0.242	0.020	11.9	0.000
	Pickup	–0.058	0.016	–3.5	0.000
	Minivan	0.542	0.018	30.6	0.000
Population density	SUV	–2.81E-05	4.19E-06	–6.7	0.000
	Pickup	–6.91E-05	4.21E-06	–16.4	0.000
	Minivan	–3.93E-05	4.25E-06	–9.3	0.000
Income per household member	SUV	1.78E-05	1.58E-06	11.2	0.000
	Pickup	–1.55E-05	1.58E-06	–9.8	0.000
	Minivan	1.15E-06	2.08E-06	0.6	0.58
Number of vehicles already owned	SUV	0.206	0.04	5.9	0.000
	Pickup	0.193	0.03	6.9	0.000
	Minivan	–0.046	0.04	–1.3	0.209
Number of cars already owned	SUV	0.016	0.04	0.4	0.696
	Pickup	0.362	0.03	10.8	0.000
	Minivan	0.135	0.04	3.2	0.001

Number of observations: 30,949 households
Equation for model form