Joint prediction of automobile ownership and mileage by a cross-section model

G Jong and Jan Cramer

No 293127, University of Amsterdam, Actuarial Science and Econometrics Archive from University of Amsterdam, Faculty of Economics and Business

Abstract: A previously constructed model, which explains car ownership and private car use simultaneously and which was originally estimated on the 1980 Dutch budget survey, is now applied to 1985 in order to obtain validation of this model. Two methods are used: post sample prediction and re — estimation. This exercise raises some general issues of predicting individual discrete choice and of conditional prediction in a simultaneous framework. The main result is that a model which performs rather well at the aggregate level may fail to explain and predict behaviour at the level of the individual household.

Keywords: Consumer/Household Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 23
Date: 1988-07
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/293127/files/amsterdam074.pdf (application/pdf)

Related works:
Working Paper: JOINT PREDICTION OF AUTOMOBILE OWNERSHIP AND MILEAGE BY A CROSS-SECTION MODEL (1988)
Working Paper: JOINT PREDICTION OF AUTOMOBILE OWNERSHIP AND MILEAGE BY A CROSS-SECTION MODEL (1988)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:amstas:293127

DOI: 10.22004/ag.econ.293127

Access Statistics for this paper

More papers in University of Amsterdam, Actuarial Science and Econometrics Archive from University of Amsterdam, Faculty of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().