This paper illustrates how the heteroskedastic extreme value (HEV) model can serve as an effective search engine for identifying appropriate tree structures in hierarchical choice models, particularly ...

This session aims to introduce you to discrete choice models and demonstrate how to use these models in your research. By the end of the session, you should be equipped to conduct preliminary ...

An empirical model of joint decisions of where to live and work, how to get to workplace demonstrates that individuals make residential location, workplace location and mode choices by trading off ...

With the development of tourism, the flow of tourists aggravates the traffic state of the road connecting the scenic spot with commuting traffic and through traffic. In order to analyse the formation ...

@ricardoV94 and @lucianopaz have developed a Nested Logit implementation for PyMC labs that is likely cleaner and more robust than the implementation currently live for pymc marketing. Opening this ...

By contrast, the random coefficient logit and generalized nested logit models both predict that gains from all marketing instruments would have similar sources. Journal Information. Discover the ...

The document presents an innovative analysis of ethanol demand, emphasizing the significant role of spatially differentiated fuel retailers in shaping consumer preferences and fuel-switching behavior.