Inclusion of latent variables in Mixed Logit models: Modelling and forecasting
AbstractTravel demand models typically use mainly objective modal attributes as explanatory variables. Nevertheless, it has been well known for many years that attitudes and perceptions also influence users' behaviour. The use of hybrid discrete choice models constitutes a good alternative to incorporate the effect of subjective factors. We estimated hybrid models in a short-survey panel context for data among many alternatives. The paper analyses the results of applying these models to a real urban case study, and also proposes an approach to forecasting using these models. Our results show that hybrid models are clearly superior to even highly flexible traditional models that ignore the effect of subjective attitudes and perceptions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.
Volume (Year): 44 (2010)
Issue (Month): 9 (November)
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Anders Skrondal & Sophia Rabe-Hesketh, 2007. "Latent Variable Modelling: A Survey," Scandinavian Journal of Statistics, Danish Society for Theoretical Statistics & Finnish Statistical Society & Norwegian Statistical Association & Swedish Statistical Association, vol. 34(4), pages 712-745.
- Daniel McFadden, 1986. "The Choice Theory Approach to Market Research," Marketing Science, INFORMS, vol. 5(4), pages 275-297.
- Mokhtarian, Patricia L. & Salomon, Ilan, 1997.
"Modeling the desire to telecommute: The importance of attitudinal factors in behavioral models,"
Transportation Research Part A: Policy and Practice,
Elsevier, vol. 31(1), pages 35-50, January.
- Mokhtarian, Patricia L. & Salomon, Ilan, 1997. "Modeling the Desire to Telecommute: The Importance of Attitudinal Factors in Behavioral Models," University of California Transportation Center, Working Papers qt29z267km, University of California Transportation Center.
- Francisco Amador & Rosa González & Juan Ortúzar, 2005. "Preference Heterogeneity and Willingness to Pay for Travel Time Savings," Transportation, Springer, vol. 32(6), pages 627-647, November.
- Fujii, Satoshi & Gärling, Tommy, 2003. "Application of attitude theory for improved predictive accuracy of stated preference methods in travel demand analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(4), pages 389-402, May.
- María Yáñez & Patricio Mansilla & Juan de Ortúzar, 2010. "The Santiago Panel: measuring the effects of implementing Transantiago," Transportation, Springer, vol. 37(1), pages 125-149, January.
- Hess, Stephane & Rose, John M., 2009. "Allowing for intra-respondent variations in coefficients estimated on repeated choice data," Transportation Research Part B: Methodological, Elsevier, vol. 43(6), pages 708-719, July.
- Train,Kenneth E., 2009.
"Discrete Choice Methods with Simulation,"
Cambridge University Press, number 9780521766555, December.
- Mauricio Sillano & Juan de Dios Ort�zar, 2005. "Willingness-to-pay estimation with mixed logit models: some new evidence," Environment and Planning A, Pion Ltd, London, vol. 37(3), pages 525-550, March.
- Vredin Johansson, Maria & Heldt, Tobias & Johansson, Per, 2005. "Latent Variables in a Travel Mode Choice Model: Attitudinal and Behavioural Indicator Variables," Working Paper Series 2005:5, Uppsala University, Department of Economics.
- Björklund, Gunilla & Mortazavi , Reza, 2013. "Influences of infrastructure and attitudes to health on value of travel time savings in bicycle journeys," Working papers in Transport Economics 2013:35, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
- Brey, Raúl & Walker, Joan L., 2011. "Latent temporal preferences: An application to airline travel," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(9), pages 880-895, November.
- Rungie, Cam M. & Coote, Leonard V. & Louviere, Jordan J., 2012. "Latent variables in discrete choice experiments," Journal of choice modelling, Elsevier, vol. 5(3), pages 145-156.
- Andrew Daly & Stephane Hess & Bhanu Patruni & Dimitris Potoglou & Charlene Rohr, 2012. "Using ordered attitudinal indicators in a latent variable choice model: a study of the impact of security on rail travel behaviour," Transportation, Springer, vol. 39(2), pages 267-297, March.
- Di Ciommo, Floridea & Monzón, Andrés & Fernandez-Heredia, Alvaro, 2013. "Improving the analysis of road pricing acceptability surveys by using hybrid models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 302-316.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.