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Example about logit model, Exercises of Statistics

Jordan UniversityStatistics

Example about logit model, Example about logit model

Typology: Exercises

2022/2023

Uploaded on 05/09/2023

Orouba
Orouba 🇯🇴

1 document

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Download Example about logit model and more Exercises Statistics in PDF only on Docsity!

To calculate the market shares and fare-box revenue using the logit model, we need to follow the below steps: Step 1: Calculate the utility for each mode: ¢ For Automobile: U1 = -0.04(130) - 0.035X2 - 0.03X3 - 0.005(130) - 0.12 = -13.02 - 0.035X2 - 0.03X3 ¢ For Bus: U2 = -0.04(25) - 0.035X2 - 0.03X3 - 0.005(70) - 0.56 = -2.15 - 0.035X2 - 0.03X3