Application of Finite Mixture of Logistic Regression for Heterogeneous Merging Behavior Analysis

Table 5

Model estimation results of FMLR model.

Variables	Logistic Regression	FMLR(K = 2)
		component 1(0.672)	Component 2(0.328)
	Parameter	Parameter	Parameter
	-	-0.1810	0.1063
	-0.40848	-0.3903	-0.2557
	.05490	0.1895	0.0158
	.01345	0.0109	0.0105
	-.07111	-0.0400	-0.0568
	.01370	0.0037	0.0113
Constant	1.26281	0.8417	-1.7619

Note: means that the parameters are significant at 99% level.