Unobserved heterogeneity in random utility choice models can be dealt with by specifying either a multinomial or a normal distribution of the coefficients, leading to finite mixture logit and mixed ...
The classical maximum entropy (ME) approach to estimating the unknown parameters of a multinomial discrete choice problem, which is equivalent to the maximum likelihood multinomial logit (ML) ...
The estimation of empirical models is essential to public policy analysis and social science research. Ordinary Least Squares (OLS) regression analysis is the most frequently used empirical model, and ...
Abstract: Assumptions play a pivotal role in the selection and efficacy of statistical models, as unmet assumptions can lead to flawed conclusions and impact decision-making. In both traditional ...
Steele, F., Washbrook, E., Charlton, C. and Browne, W.J. A longitudinal mixed logit model for estimation of push and pull effects in residential location choice. Choice of residential location ...