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2 cards from this section. Quick, good the night before a test.
Define modal split in your own words.
Think about the different types of transport modes in your city.
What is the purpose of the binary logit model?
Consider how we use probability in decision-making.
What does modal split refer to?
Think about how different modes of transport are used by the public.
True or False: The binary logit model can only consider two alternatives.
Remember, it's about breaking down choices.
Given the costs derived as follows (Car: 5.5, Bus: 3.5, Train: 2.5), how would the introduction of a new electric bike service priced at 1.5 affect the existing modal split? Calculate the new probabilities.
Use the logit model to include the new mode.
Use the previous data of 4200 trips and recalibrate if the bus fares increase by 1. How does it change the trip distribution?
Remember to update the logit calculation with the new bus cost.
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