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At the 19th Annual Forum of Statistics on 4 October 2004 in Monterrey, Mexico, NERA Vice President Dr. Kenneth Train presented "Recent Advances in Discrete Choice Analysis," a discussion about the latest developments in the field of choice modeling.
Using the current state-of-the-art models as a springboard, Dr. Train described the extensions and improvements that have recently become available. The advances arise in three areas:
- How the distribution of preferences among consumers is represented;
- How endogenous explanatory variables are handled; and
- How the log of the probability is simulated.
Advances in each of these areas were illustrated with applications to automobiles, cable TV options and other goods.
For more information about this presentation, or NERA's extensive experience in regulation, public policy and survey design, please contact Dr. Train using the contact button below.
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