• DocumentCode
    3049049
  • Title

    Four types of typical discrete Choice Models: Which are you using?

  • Author

    Yu, Lijun ; Sun, Bin

  • Author_Institution
    Sch. of Civil & Transp. Eng., South China Univ. of Technol., Guangzhou, China
  • fYear
    2012
  • fDate
    8-10 July 2012
  • Firstpage
    298
  • Lastpage
    301
  • Abstract
    Four types of typical discrete Choice Models: Multinomial logit (MNL) model, Nested logit (NL)model, Heteroscedastic Extreme Value (HEV)Model and Mixed logit model, have been proposed and implemented in empirical investigations, although there is no universally acknowledged using principle. Here we report study to test this type of models in a travel mode choice case. We implemented four models calibration using software programmed by ourselves. We found that if sample data satisfied with IIA property, our experience has confirmed that MNL is the first choice in mode split forecasting. The nested logit model and Heteroscedastic Extreme Value (HEV)Model are not significantly better than the multinomial logit model. Mixed logit model corrects IIA flaw, but is somewhat more difficult to estimate.
  • Keywords
    decision making; forecasting theory; calibration; discrete choice models; heteroscedastic extreme value model; mixed logit model; mode split forecasting; multinomial logit model; nested logit model; travel mode choice; Atmospheric modeling; Economics; Educational institutions; Hybrid electric vehicles; Predictive models; heteroscedastic extreme Value; mixed logit mode; multinomial logit; nested logit; transport mode choice;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Service Operations and Logistics, and Informatics (SOLI), 2012 IEEE International Conference on
  • Conference_Location
    Suzhou
  • Print_ISBN
    978-1-4673-2400-7
  • Type

    conf

  • DOI
    10.1109/SOLI.2012.6273550
  • Filename
    6273550