MULTINOMIAL PROBIT The Theory and Its Application to Demand Forecasting

Daganzo, Carlos

ISBN 10: 0122011503 / ISBN 13: 9780122011504

Published by Academic Press, New York, 1979

About this Item

222 pages in excellent, clean condition. Black cloth with gilt titles. One corner very lightly bumped. NEAR FINE.

Seller Inventory # 206577

Bibliographic Details

• Title: MULTINOMIAL PROBIT The Theory and Its Application to Demand Forecasting
• Publisher: Academic Press, New York
• Publication Date: 1979
• ISBN 10: 0122011503
• ISBN 13: 9780122011504
• Binding: Hardcover
• Condition: Near Fine
• Book Type: Book
• Seller catalogs:
  • Economics
  • Transportation
  • General

About this title

Synopsis

Multinomial Probit: The Theory and Its Application to Demand Forecasting covers the theoretical and practical aspects of the multinomial probit (MNP) model and its relation to other discrete choice models. This text is divided into five chapters and begins with an overview of the disaggregate demand modeling in the transportation field. The subsequent chapters examine the computational aspects of the maximum-likelihood estimation and the statistical aspects of MNP model calibration. These chapters specifically describe the properties of the log-likelihood function and the statistical properties of MNP estimators. These topics are followed by a discussion of the mechanical aspects of the MNP model. The closing chapter examines the errors in the estimation of the true parameter value due to lack of data and how these errors propagate to the final prediction. This book will prove useful to econometricians, engineers, and applied mathematicians.