Table 3 Relative contributions of demand- and supply-side factors on demand using the partial log likelihood method
Factors | Log likelihood (If specific group factors excluded) | Partial effect (change in log likelihood) | Relative effect (% of sum of change in log likelihood) | Order of importance |
|---|---|---|---|---|
Full model (mixed-effects) | –1030.8098 | – |  |  |
Demand-side factors | –1088.0576 | –57.2478 | 78.6% | 1 |
Supply-side factors | –1046.4232 | –15.6134 | 21.4% | 2 |