Hypotheses concerning point binomial parameters are totted based on general binomial probability mass functions for small samples. The case of point multinomial parameters is, from statistical view point, not very interesting.
However, Iron the view...
Hypotheses concerning point binomial parameters are totted based on general binomial probability mass functions for small samples. The case of point multinomial parameters is, from statistical view point, not very interesting.
However, Iron the view point of economic statistics the story becomes different. The statistical model of a duopoly can be formulated into a point binomial mass function, where its parameter represents the market share of a duopolist. An oligopoly can be modelled statistically into a point multinomial probability mass function. Here, we pick up a tripoloy