Four types of typical discrete Choice Models: Which are you using?
Lijun Yu, Sun Bin
Abstract
Lijun Yu, Sun Bin
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.
OpenAlex reports 7 citations for this work. Citation counts describe recorded attention and do not establish research quality.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
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.
Key concepts: Multinomial logistic regression, Discrete choice, Heteroscedasticity, Mixed logit, Econometrics, Logistic regression, Sample (material), Generalized extreme value distribution