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EPFLx: Introduction to Discrete Choice Models

The course introduces the theoretical foundations to choice modeling and describes the steps of operational modeling.

7 weeks
5–6 hours per week
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Starts Nov 20
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Introduction to Discrete Choice Models

About this course

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Human behavior is complexand unpredictable. Or is it?

The focus of this course is methods for predicting the behavior using mathematical models. More specifically, we'll explore choice modeling in order to obtain disaggregate demand models.

Focusing on the logit model, the course covers the specification of the model, the estimation of its parameters, the validation process, andits application. Exercises using the software Biogeme are also part of its makeup. The course relies on concrete case studies with real data sets, which are provided in course content.

At a glance

  • Institution: EPFLx
  • Subject: Engineering
  • Level: Intermediate
  • Prerequisites:

    Statistics (bachelor level), linear regression

  • Language: English
  • Video Transcripts: English, Français
  • Associated skills:Forecasting, Demand Modeling, Mathematical Modeling, Choice Modeling

What you'll learn

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  • The behavioral assumptions associated with disaggregate choice models
  • The derivation of operational models
  • The art of model specification
  • The estimation of model parameters from choice data
  • The testing of model specifications
  • Concrete applications of the estimated models

Syllabus

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1. Introduction to behavior modeling
2. Theoretical foundations
3. Binary choice
4. Biogeme: an open-source software for estimating choice models
5. Choice with multiple alternatives
6. Testing
7. Forecasting

Who can take this course?

Unfortunately, learners residing in one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. edX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

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$219 USD

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Expires on Jan 8, 2025

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