INVESTIGATION OF THE ACCURACY OF THE CLARK APPROXIMATION FOR THE MULTINOMIAL PROBIT MODEL.

Joel L. Horowitz; Jurg M. Sparmann; Carlos F. Daganzo

doi:10.1287/trsc.16.3.382

INVESTIGATION OF THE ACCURACY OF THE CLARK APPROXIMATION FOR THE MULTINOMIAL PROBIT MODEL.

Joel L. Horowitz^*, Jurg M. Sparmann, Carlos F. Daganzo

^*Corresponding author for this work

Economics

Research output: Contribution to journal › Article › peer-review

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Abstract

This paper reports the results of a series of numerical experiments in which the accuracy of probit computations based on the C. E. Clark approximation was investigated. The experiments dealt with the accuracy of the results obtained when the Clark approximation is used for econometric estimation of the values of probit models' parameters and for prediction of choice probabilities using the estimated parameter values.

Original language	English (US)
Pages (from-to)	382-401
Number of pages	20
Journal	Transportation Science
Volume	16
Issue number	3
DOIs	https://doi.org/10.1287/trsc.16.3.382
State	Published - Jan 1 1982

ASJC Scopus subject areas

Transportation

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abstract = "This paper reports the results of a series of numerical experiments in which the accuracy of probit computations based on the C. E. Clark approximation was investigated. The experiments dealt with the accuracy of the results obtained when the Clark approximation is used for econometric estimation of the values of probit models' parameters and for prediction of choice probabilities using the estimated parameter values.",

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AB - This paper reports the results of a series of numerical experiments in which the accuracy of probit computations based on the C. E. Clark approximation was investigated. The experiments dealt with the accuracy of the results obtained when the Clark approximation is used for econometric estimation of the values of probit models' parameters and for prediction of choice probabilities using the estimated parameter values.

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INVESTIGATION OF THE ACCURACY OF THE CLARK APPROXIMATION FOR THE MULTINOMIAL PROBIT MODEL.

Abstract

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