A Comparison between Latent Class Model and Mixed Logit Model for Transport Mode Choice: Evidences from Two Datasets of Japan
AbstractThis paper applies two recent stated choice survey datasets of Japan to investigate the difference between the latent class model (LCM) and the mixed logit model (MLM) for transport mode choice. A detailed comparison is carried out, focusing on comparing values of time savings, direct choice elasticities, predicted choice probabilities and prediction success indices. Furthermore, a test on non-nested model is also utilized to help determine which model is superior to another one. The results suggest that the LCM performs better than the MLM in both datasets.
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.
Bibliographic InfoPaper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 06-05.
Length: 19 pages
Date of creation: Jan 2006
Date of revision:
latent class model (LCM); mixed logit model (MLM); transport mode choice; predicted choice probability; prediction success index;
Find related papers by JEL classification:
- C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-24 (All new papers)
- NEP-DCM-2006-01-24 (Discrete Choice Models)
- NEP-SEA-2006-01-24 (South East Asia)
- NEP-URE-2006-01-24 (Urban & Real Estate Economics)
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.:
- Sándor, Zsolt & Train, Kenneth, 2004. "Quasi-random simulation of discrete choice models," Transportation Research Part B: Methodological, Elsevier, vol. 38(4), pages 313-327, May.
- Yusuke Sakata & Junyi Shen & Yoshizo Hashimoto, 2006. "The Influence of Environmental Deterioration and Network Improvement on Transport Modal Choice," Discussion Papers in Economics and Business 06-04, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
- Kenneth Train, 2003.
"Discrete Choice Methods with Simulation,"
Online economics textbooks,
SUNY-Oswego, Department of Economics, number emetr2.
- Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
- Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D. With contributions by-Name:Adamowicz,Wiktor, 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304, December.
- Daniel McFadden, 1977. "Quantitative Methods for Analyzing Travel Behaviour of Individuals: Some Recent Developments," Cowles Foundation Discussion Papers 474, Cowles Foundation for Research in Economics, Yale University.
- Provencher, Bill & Bishop, R.C.Richard C., 2004. "Does accounting for preference heterogeneity improve the forecasting of a random utility model? A case study," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 793-810, July.
- Bhat, Chandra R., 2003. "Simulation estimation of mixed discrete choice models using randomized and scrambled Halton sequences," Transportation Research Part B: Methodological, Elsevier, vol. 37(9), pages 837-855, November.
- Sándor, Z. & Train, K., 2004. "Quasi-random simulation of discrete choice models," Econometric Institute Research Papers EI 2004-51, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Greene, William H. & Hensher, David A., 2003. "A latent class model for discrete choice analysis: contrasts with mixed logit," Transportation Research Part B: Methodological, Elsevier, vol. 37(8), pages 681-698, September.
- Bhat, Chandra R. & Gossen, Rachel, 2004. "A mixed multinomial logit model analysis of weekend recreational episode type choice," Transportation Research Part B: Methodological, Elsevier, vol. 38(9), pages 767-787, November.
- Junyi Shen & Yusuke Sakata & Yoshizo Hashimoto, 2008.
"Is individual environmental consciousness one of the determinants in transport mode choice?,"
Taylor & Francis Journals, vol. 40(10), pages 1229-1239.
- Junyi Shen & Yusuke Sakata & Yoshizo Hashimoto, 2005. "Is Individual Environmental Consciousness One of the Determinants in Transport Mode Choice?," Discussion Papers in Economics and Business 05-29, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
- Junyi Shen, 2005. "A Review of Stated Choice Method," Discussion Papers in Economics and Business 05-27, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
- Colombo, Sergio & Hanley, Nicholas & Louviere, Jordan, 2008.
"Modelling preference heterogeneity in stated choice data: an analysis for public goods generated by agriculture,"
Stirling Economics Discussion Papers
2008-28, University of Stirling, Division of Economics.
- Sergio Colombo & Nick Hanley & Jordan Louviere, 2009. "Modeling preference heterogeneity in stated choice data: an analysis for public goods generated by agriculture," Agricultural Economics, International Association of Agricultural Economists, vol. 40(3), pages 307-322, 05.
- Simona Rasciute & Eric J Pentecost, 2008. "The Latent Heterogeneity in Investment Location Choices of Multinational Enterprises," Discussion Paper Series 2008_16, Department of Economics, Loughborough University, revised Dec 2008.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Atsuko SUZUKI).
If references are entirely missing, you can add them using this form.