LRT test
| Model | Dependent variables | Has a mobile account | Has used a mobile account | Has made a digital payment | |||
|---|---|---|---|---|---|---|---|
| LR | p-value | LR | p-value | LR | p-value | ||
| A | Life Cycle + Gender + Workforce | – | – | – | – | – | – |
| B | Life Cycle + Gender + Workforce + Educ Level | 459.55*** | 0 | 730.57*** | 0 | 1648.75*** | 0 |
| C | Life Cycle + Gender + Workforce + Educ Level + Income Level | 93.84*** | 0 | 170.93*** | 0 | 233.83*** | 0 |
| D | Life Cycle + Gender + Workforce + Educ Level + Income Level + Country Category | 180.93*** | 0 | 99.15*** | 0 | 246.84*** | 0 |
| Model | Dependent variables | Has a mobile account | Has used a mobile account | Has made a digital payment | |||
|---|---|---|---|---|---|---|---|
| LR | LR | LR | |||||
| A | Life Cycle + Gender + Workforce | – | – | – | – | – | – |
| B | Life Cycle + Gender + Workforce + Educ Level | 459.55*** | 0 | 730.57*** | 0 | 1648.75*** | 0 |
| C | Life Cycle + Gender + Workforce + Educ Level + Income Level | 93.84*** | 0 | 170.93*** | 0 | 233.83*** | 0 |
| D | Life Cycle + Gender + Workforce + Educ Level + Income Level + Country Category | 180.93*** | 0 | 99.15*** | 0 | 246.84*** | 0 |
Note(s): *** p-value rejecting the null hypothesis. The null hypothesis states that the base model is better than the model with more variables, according to LRT. Comparisons are as follows: Model A (base) vs. Model B; Model B (base) vs. Model C; and Model C (base) vs. Model D, for each of the independent variables
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