st: interpretation of latent class model results

["Simona Rasciute" <S.Rasciute@lboro.ac.uk>]

Hello,

I would like to ask you a question regarding the 
interpretation of the latent class model results. Usually 
in discrete choice models the magnitude of the estimated 
parameters is not informative and elasticities have to be 
estimated for continuous variables and marginal effects 
for dummy variables. Does that mean that in the latent 
class model the coefficients for different classes cannot 
be compared (the willingness to pay is not applicable in 
my model)? For example,  if one of the classes has the 
highest coefficent for a particular variables I can 
conclude that the group is more responsive to that 
variable than other groups. The latent class model does 
not estimate elasticities and marginal effects for each 
latent class separatelly and aggregate results are not of 
much help. Could you please tell me what is the best way 
to analyse the results of the latent class model.

I appreciate your help.

Kind Regards,
Simona
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