Being significant does not mean much. See this video to understand why:
https://youtu.be/GmNodW_pUHk?si=gA4BDYlGaC1jphVL
You use those statistics to perform some hypothesis testing.
With box-cox, the hypothesis that the true value of the exponent is 0 corresponds to the logarithm specification. If you decide not to reject it, just accept it.
> On 12 May 2024, at 09:12, Coco Wang <
31901...@zju.edu.cn> wrote:
>
> I used a boxcox transformation for the time variable in my MNL model, but the lambda variable was not significant (12%), but the time variable itself was significant. Is this significance significant in this case?
> Or, do I need to perform a boxcox transformation with lambda parameters for the time variable and then re estimate the model?
>
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Michel Bierlaire
Transport and Mobility Laboratory
School of Architecture, Civil and Environmental Engineering
EPFL - Ecole Polytechnique Fédérale de Lausanne
http://transp-or.epfl.ch
http://people.epfl.ch/michel.bierlaire