I have estimated a mixed logit model from a choice data. I need to show the heterogeneity explained by the model. How do I plot the distribution of the random parameters in python? Any other way to show it?
Very good question. I am not familiar with python. However, in my opinion it's convention to simply emphasize the size of the standard deviations relative to the estimated random coefficient as this provides some idea of the unobserved variability of the data.