Marginal Effects for Random Parameters Logit Models: A Case Study of Crash Severity Analysis
编号:203 访问权限:仅限参会人 更新:2022-07-07 22:19:14 浏览:112次 张贴报告

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摘要
Unlike a traditional fixed parameters logit model, the computation of marginal effects (MEs) for random parameters logit models is much more complex. In this study, a random parameters logit with heterogeneity in means and variances model was estimated using crash-severity data. Three computing methods for MEs based on global means, individual estimates and Monte Carlo simulation of random parameters were proposed and the results, along with the software-reported MEs, were comprehensively compared. Results indicate that: 1) enormous bias was detected in software-reported MEs; 2) simply using means of random parameters also produced bias; 3) the Monte Carlo simulation was most likely an effective way to computing MEs; 4) the individual estimates method may also be reliable as the random parameters distribution has been well captured. Methods provided by this study can prompt the proper application of random parameters approach for not only road safety but also other traffic scenarios.
关键词
random parameters model;marginal effects;logit model;crash injury
报告人
Hou Qinzhong
Harbin Institute of Technology, Weihai

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重要日期
  • 会议日期

    07月08日

    2022

    07月11日

    2022

  • 07月11日 2022

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  • 07月11日 2022

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Central South University (CSU)
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