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Title: TRAVEL DEMAND FORECASTING BY USING THE NESTED MULTINOMIAL LOGIT MODEL
Accession Number: 00334196
Record Type: Component
Availability: Find a library where document is available Abstract: A considerable amount of recent travel demand research has highlighted the limiting assumptions of the multinomial logit model, particularly its property of being independent of irrelevant alternatives. Nevertheless, because of its tractability, the multinomial logit formulation is likely to remain the most important of disaggregate-analysis techniques. This paper points out that, although the axiom of the independence of irrelevant alternatives is a property of the simple multinomial logit model, a generalization of that model has been developed that is virtually free from that limitation, has been shown to be effective and economically usable in practical studies, and provides a simple diagnostic capability for assessing the validity of the assumption of independence of irrelevant alternatives in any given situation. The generalized logit model-referred to here as the nested multinomial logit model-has been reported in the literature for several years, but awareness of its properties and even existence seems to be very slight. This paper provides a background on the development of the nested multinomial logit model, presents its structure (with guidelines for its use), and reports on current research that uses the nested formulation as the analysis tool.
Supplemental Notes: Publication of this paper sponsored by Committee on Passenger Travel Demand Forecasting. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Monograph Accession #: 01411594
Authors: Sobel, Kenneth LPagination: pp 48-55
Publication Date: 1980
Serial: Conference:
59th Annual Meeting of the Transportation Research Board
Location:
Washington District of Columbia, United States ISBN: 0309031192
Media Type: Print
Features: Figures
(4)
; References
(25)
; Tables
(5)
TRT Terms: Old TRIS Terms: Subject Areas: Highways; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning
Files: TRIS, TRB
Created Date: Oct 28 1981 12:00AM
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