A Comparison between Latent Class Model and Mixed Logit Model for Transport Mode Choice: Evidences from Two Datasets of Japan

Junyi Shen, Yusuke Sakata and Yoshizo Hashimoto
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Yusuke Sakata: School of Economics, Kinki University
Yoshizo Hashimoto: Osaka School of International Public Policy, Osaka University

No 06-05, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: This 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.

Keywords: latent class model (LCM); mixed logit model (MLM); transport mode choice; predicted choice probability; prediction success index (search for similar items in EconPapers)
JEL-codes: C35 D12 R41 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2006-01
New Economics Papers: this item is included in nep-dcm, nep-sea and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0605

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