• Title/Summary/Keyword: Logit model

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A Store Choice Model for an Entry Strategy of New Stores: An Application of the Mother Logit Model (신규점포의 진입전략을 위한 점포선택모형: mother 로짓모형의 적용)

  • 김근배;박동준;서봉철
    • Journal of Distribution Research
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    • v.4 no.3
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    • pp.47-64
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    • 2000
  • This study introduces the mother logit model to predict consumer's store choices. The model is not based on the IIA assumptions and thus accounts for substitution among similar alternatives. The choice data as an input to the model is obtained through the conjoint-type choice experiment. The model is applied to consumer's choice of fastfood stores in the context where new store enters the market. The analysis shows that the substitution effects are significant and therefore the mother logit model predicts better than the IIA model. The mother logit model will be useful as well for the market structure analysis in capturing cannibalization among several brands.

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A Study on Determinants of Use and Satisfaction of Reverse Mortgage Considering Socioeconomic Characteristics of the Elderly (고령층의 사회경제적 특성을 고려한 주택연금 이용 및 만족도 결정요인 분석)

  • Lee, Jae Song;Choi, Yeol
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.37 no.2
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    • pp.437-444
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    • 2017
  • The purpose of this study is to analyze the factors affecting the reverse mortgage utilization and satisfaction of the elderly. Based on the survey data of the reverse mortgage demand in 2016, we carried out empirical analysis using the binary logit model and the ordered logit model. First of all, as a result of the empirical analysis using the binary logit model, the determinants of using the reverse mortgage were age, region, assets, household member, children with financial help, and education level. As a result of the empirical analysis using the ordered logit model, the determinants of the satisfaction level of the reverse mortgage were estimated to be age, gender, and region. Based on the results of the empirical analysis, it is necessary to find a way to increase the participation rate of the reverse mortgage and to improve the satisfaction of the user.

A Logit Type of Public Transit Trip Assignment Model Considering Stepwise Transfer Coefficients (Stepwise 환승계수를 고려한 Logit 유형 대중교통통행배정모형)

  • SHIN, Seongil;BAIK, Namcheol
    • Journal of Korean Society of Transportation
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    • v.34 no.6
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    • pp.570-579
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    • 2016
  • This study proposes a concept of Stepwise Transfer Coefficient(STC) which implies greater transfer cost with increasing the number of transfers. Thus, the public transport information system provides the choice sets of travel routes by the consideration of not only transportation time but also the optimum number of transfers. However, path choice problems that involve STC are found to include non additive cost, which requires additional route enumeration works. Discussions on route enumeration in actual transportation networks is very complicated, thereby warranting a theoretical examination of route search considering STC. From these points of view, this study results in a probability based transit trip assignment model including STC. This research also uses incoming link based entire route deletion method. The entire route deletion method proposed herein simplifies construction of an aggregation of possible routes by theoretically supporting the process of enumeration of the different routes from origin to destination. Conclusively, the STC reflected route based logit model is proposed as a public transportation transit trip assignment model.

Measuring Recreation Benefits of Dam Reservoirs in Korea - A Mixed Logit Approach - (댐호수의 특성별 휴양가치 분석)

  • Kwon, Oh Sang;Kim, Won Hee;Lee, Hae Jin;Heo, Jeong Hoi;Park, Doo-Ho
    • Environmental and Resource Economics Review
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    • v.14 no.4
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    • pp.867-891
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    • 2005
  • The purpose of this study is estimating the recreation benefits of the largest 10 dam reservoirs in Korea. A mixed logit or random parameters log it model is constructed and estimated. Not only the recreation value of each dam lake but also the values of the main characteristics of the lakes such as the amount of water reserved, and the availability of boating and fishing are estimated. It is shown that recreation value is not less than other benefit such as irrigation, industrial, municipal use, hydro power, or even flood control benefit.

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A Study on Choice Behavior of Theme Park Visitors - Application of Nested Logit Model - (주제공원 이용자들의 선택행동 추정에 관한 연구 -Nested Logit Model의 적용)

  • 홍성권
    • Journal of the Korean Institute of Landscape Architecture
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    • v.24 no.4
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    • pp.96-111
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    • 1997
  • This study was carried out to identify users' choice behavior of theme parks. overland. Lotte World, Seoul Land, Dreamland and Children's Grand Park were selected as study areas. Both multinomial logic model(MNL), nested logic model(NMNL) and joint logit model wet$.$e test using a choice-based sample collected on study areas. Hausman-McFadden test showed that the MNL is not appropriate because the IIA assumption is violated. To avoid the problematic IIA assumption, the NMNL was tested. It splits similar alternatives into groups and nests separate decisions into hierarchical order to avoid the IIA assumption. Cluster analysis and discriminant analysis were conducted to find applicable nest structures. The inclusive value coefficient was 0.7788. It meant that sufficient condition of this model is met and users' choice behavior can be better understood by NMNL than MNL. The $\rho$2 value and accuracy of prediction of this model were 0.402 and 46.33% , respectively. Several comments were suggested to make the NMNL to be more reliable for future research on users' choice behavior of theme park.

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Formulating the Landscape Preference Model Using a Mixed Conditional Logit (조건부 로짓함수를 이용한 경관선호 모델: 지리산 국립공원 방문자를 대상으로)

  • Lee, Deokjae
    • Journal of Korean Society of Forest Science
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    • v.95 no.6
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    • pp.768-777
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    • 2006
  • The purpose of this study lies in formulating the landscape preference model using a conditional logit that involves the effect of visual elements as well as landscape itself on landscape preferences. To measure landscape preferences, a photo-questionnaire composed of paired photographs of the Cairngorms National Park of Scotland and the Jirisan National Park of Korea was distributed to visitors to the Jirisan National Park of Korea. Visual elements of landscape quantitatively measured by photogrammetry were reduced to orthogonal principal components that were subsequently used as explanatory variables in a conditional logit. As a result, the mixed conditional logit including the effect of landscape itself satisfied the Independence of Irrelevant Alternatives (IIA) property and showed reliable goodness of fit (${\rho}^2=0.25$). It was concluded that the mixed conditional logit including the effect of landscape itself was appropriate for landscape preference model rather than usual conditional logit excluding the effect.

Bayesian logit models with auxiliary mixture sampling for analyzing diabetes diagnosis data (보조 혼합 샘플링을 이용한 베이지안 로지스틱 회귀모형 : 당뇨병 자료에 적용 및 분류에서의 성능 비교)

  • Rhee, Eun Hee;Hwang, Beom Seuk
    • The Korean Journal of Applied Statistics
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    • v.35 no.1
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    • pp.131-146
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    • 2022
  • Logit models are commonly used to predicting and classifying categorical response variables. Most Bayesian approaches to logit models are implemented based on the Metropolis-Hastings algorithm. However, the algorithm has disadvantages of slow convergence and difficulty in ensuring adequacy for the proposal distribution. Therefore, we use auxiliary mixture sampler proposed by Frühwirth-Schnatter and Frühwirth (2007) to estimate logit models. This method introduces two sequences of auxiliary latent variables to make logit models satisfy normality and linearity. As a result, the method leads that logit model can be easily implemented by Gibbs sampling. We applied the proposed method to diabetes data from the Community Health Survey (2020) of the Korea Disease Control and Prevention Agency and compared performance with Metropolis-Hastings algorithm. In addition, we showed that the logit model using auxiliary mixture sampling has a great classification performance comparable to that of the machine learning models.

How to Increase the Usability of a Subway Commuter Pass Using Nested Logit Model (Nested logit model을 이용한 정기권 이용범위 확대에 관한 연구)

  • Jung, Hun Young;Shin, Jong Jin;Ko, Sang Seon
    • Journal of Korean Society of Transportation
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    • v.32 no.4
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    • pp.389-400
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    • 2014
  • This study finds a way to increase the usability of a subway commuter pass. Usability of the commuter pass on a probabilistic statistical model is calculated when the pass is allowed to used in a different mode(bus). A sunk cost of commuter pass is used to reduce the vehicle travels from public transit. 324 people aged 25 to 35 were surveyed and utilized to build a Nested Logit Model on STRADA 3.5 platform. Main results are as follows. First, commuter passes were issued in various forms. Second, the model turns out to be statistically significant in four explanatory variables (discount rate, inter-usablity between modes, forms of payment and periods). Lastly, the more valid on different modes, the more increased of the rail commuter pass.

Using Mixed Logit Model and Latent Class Model to Analyze Preference Heterogeneity in Choice Experiment Data (선택실험법 자료에서의 선호이질성 분석을 위한 혼합로짓모형 및 잠재계층모형의 활용)

  • Yoo, Byong Kook
    • Environmental and Resource Economics Review
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    • v.21 no.4
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    • pp.921-945
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    • 2012
  • Conditional Logit (CL) model is widely used since its model estimation and interpretation of results of the model is relatively easy, on the other hand, it has the limit of preference heterogeneity of respondents being not fully considered. In this study we used the two models, Mixed Logit (ML) Model and Latent Class Model (LCM) to explain preference heterogeneity of respondents for protection for Boryeong Dam wetland. As a result of the examination for heterogeneity in Boryeong city and six metropolitan areas, we found there was significant difference between two regions. While there was explicit preference heterogeneity within respondents in Boryeong city, we found little heterogeneity within respondents in six metropolitan areas. Thus in the case of six metropolitan areas, CL model can be used for parameter estimation while in the case of Boryeong city, WTP estimates are based on parameter estimates from ML model to reflect the heterogeneity within respondents. Additionally, ML model with interaction and 2-class LCM for respondents in Boryeong city were used to explain the sources of the heterogeneity. The ML model with interaction has advantage of explaining individual unobserved heterogeneity. However The comarison between these two models reflects the fact that LCM provided added information that was not conveyed in the ML model with interaction. Thus, Preference heterogeneity within respondents in this study may be better explained by class level through LCM rather than indiviual level through ML model.

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Comparison of Some Nonparametric Statistical Inference for Logit Model (로짓모형의 비모수적 추론의 비교)

  • 정형철;김대학
    • The Korean Journal of Applied Statistics
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    • v.15 no.2
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    • pp.355-366
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    • 2002
  • Nonparametric statistical inference for the parameter of logit model were examined. Usually nonparametric approach is milder than parametric approach based on normal theory assumption. We compared the two nonparametric methods for legit model, the bootstrap and random permutation in the sense of coverage probability. Monte Carlo simulation is conducted for small sample cases. Empirical power of hypothesis test and coverage probability for confidence interval estimation were presented for simple and multiple legit model respectively. An example were also introduced.