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Forecasting freight transportation demand with the space-time multinomial probit model

Author

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  • Garrido, Rodrigo A.
  • Mahmassani, Hani S.

Abstract

Freight transportation demand is a highly variable process over space and time. A multinomial probit (MNP) model with spatially and temporally correlated error structure is proposed for freight demand analysis for tactical/operational planning applications. The resulting model has a large number of alternatives, and estimation is performed using Monte-Carlo simulation to evaluate the MNP likelihoods. The model is successfully applied to a data set of actual shipments served by a large truckload carrier. In addition to the substantive insights obtained from the estimation results, forecasting tests are performed to assess the model's predictive ability for operational purposes.

Suggested Citation

  • Garrido, Rodrigo A. & Mahmassani, Hani S., 2000. "Forecasting freight transportation demand with the space-time multinomial probit model," Transportation Research Part B: Methodological, Elsevier, vol. 34(5), pages 403-418, June.
  • Handle: RePEc:eee:transb:v:34:y:2000:i:5:p:403-418
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