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Introduction to Discrete Choice Models
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Introduction to Discrete Choice Models

Mathematical Models for Human Behavior: A comprehensive course exploring predictive analytics and quantitative methods to forecast behavioral patterns.

Course Cost

₹ 18,596

Intermediate

Skill Level

7 Weeks

Self-paced lessons

Dive into the world of behavioral prediction with this course on discrete choice models. Explore methods for forecasting human behavior using advanced mathematical techniques, focusing on disaggregate demand models. The course centers on the logit model, covering model specification, parameter estimation, validation processes, and practical applications. With hands-on exercises using Biogeme software and real-world case studies, you'll gain both theoretical knowledge and practical skills in choice modeling. Ideal for those interested in understanding and predicting complex human decision-making processes.

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What you'll learn

  • Understand the behavioral assumptions underlying disaggregate choice models

  • Derive operational models from theoretical foundations

  • Master the art of model specification for various choice scenarios

  • Estimate model parameters using real-world choice data

  • Test and validate different model specifications

  • Apply estimated models to concrete, real-world problems

  • Use Biogeme software for choice model estimation and analysis

  • Develop skills in forecasting based on choice models

Skills you'll gain

Choice Modeling
Demand Forecasting
Logit Models
Parameter Estimation
Biogeme Software
Behavioral Economics
Statistical Analysis
Data-driven Decision Making

This course includes:

PreRecorded video

Graded assignments, exams

Access on Mobile, Tablet, Desktop

Limited Access access

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There are 7 modules in this course

This course provides a comprehensive introduction to discrete choice models, focusing on methods for predicting human behavior using mathematical techniques. Students will explore the theoretical foundations of choice modeling and learn to develop disaggregate demand models. The curriculum covers the entire process of choice modeling, from model specification and parameter estimation to validation and practical application. A key component of the course is the use of the Biogeme software for hands-on exercises, allowing students to apply their learning to real-world datasets. The course emphasizes the logit model but also introduces other relevant concepts in choice modeling. By the end of the course, students will be equipped with the skills to analyze and predict complex human decision-making processes in various fields such as marketing, transportation, and economics.

Introduction to behavior modeling

Module 1

Theoretical foundations

Module 2

Binary choice

Module 3

Biogeme: an open-source software for estimating choice models

Module 4

Choice with multiple alternatives

Module 5

Testing

Module 6

Forecasting

Module 7

Fee Structure

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Faculties

These are the expert instructors who will be teaching you throughout the course. With a wealth of knowledge and real-world experience, they're here to guide, inspire, and support you every step of the way. Get to know the people who will help you reach your learning goals and make the most of your journey.

Introduction to Discrete Choice Models

Intermediate

Skill Level

7 Weeks

Self-paced lessons

Course Cost

₹ 18,596

Completion

CERTIFICATE

Frequently asked Questions

Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.