This chapter contains sections titled:
Introduction
Choice‐Set Determination
Specification and Functional Form
Statistical Estimation
Estimating the Multinomial Probit Model
Estimating the Mixed Logit Model
Modelling with Stated‐Preference Data
Exercises
Specification and Estimation of Discrete Choice Models
Modelling Transport ; 269-331
2011-03-18
63 pages
Article/Chapter (Book)
Electronic Resource
English
hybrid choice model estimation results , alternative ways of entering socio‐economic variables , choice of a mixing distribution , specification and estimation of discrete choice models , conventional approach, to understanding roles of income ‐ time and cost of travel within discrete choice framework, Train and McFadden's (1978) theory , modelling with stated‐preference data ‐ forecast effects, inter‐alternative correlation , discrete or disaggregate model (DM) ‐ estimating a model, once properly specified , search for suitable model specification ‐ selecting structure of model (MNL, NL, ML) , choice‐set determination ‐ typical revealed‐preferences cross‐sectional data set problem , probability of error of second kind ‐ for given sample size and models
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