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A Joint Econometric Approach for Modeling Crash Counts by Collision Type

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Date Issued:
2018
Abstract/Description:
In recent years, there is growing recognition that common unobserved factors that influence crash frequency by one attribute level are also likely to influence crash frequency by other attribute levels. The most common approach employed to address the potential unobserved heterogeneity in safety literature is the development of multivariate crash frequency models. The current study proposes an alternative joint econometric framework to accommodate for the presence of unobserved heterogeneity (-) referred to as joint negative binomial-multinomial logit fractional split (NB-MNLFS) model. Furthermore, the study undertakes a first of its kind comparison exercise between the most commonly used multivariate model (multivariate random parameter negative binomial model) and the proposed joint approach by generating an equivalent log-likelihood measure. The empirical analysis is based on the zonal level crash count data for different collision types from the state of Florida for the year 2015. The model results highlight the presence of common unobserved effects affecting the two components of the joint model as well as the presence of parameter heterogeneity. The equivalent log-likelihood and goodness of fit measures clearly highlight the superiority of the proposed joint model over the commonly used multivariate approach.
Title: A Joint Econometric Approach for Modeling Crash Counts by Collision Type.
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Name(s): Bhowmik, Tanmoy, Author
Eluru, Naveen, Committee Chair
Abdel-Aty, Mohamed, Committee Member
Yasmin, Shamsunnahar, Committee Member
University of Central Florida, Degree Grantor
Type of Resource: text
Date Issued: 2018
Publisher: University of Central Florida
Language(s): English
Abstract/Description: In recent years, there is growing recognition that common unobserved factors that influence crash frequency by one attribute level are also likely to influence crash frequency by other attribute levels. The most common approach employed to address the potential unobserved heterogeneity in safety literature is the development of multivariate crash frequency models. The current study proposes an alternative joint econometric framework to accommodate for the presence of unobserved heterogeneity (-) referred to as joint negative binomial-multinomial logit fractional split (NB-MNLFS) model. Furthermore, the study undertakes a first of its kind comparison exercise between the most commonly used multivariate model (multivariate random parameter negative binomial model) and the proposed joint approach by generating an equivalent log-likelihood measure. The empirical analysis is based on the zonal level crash count data for different collision types from the state of Florida for the year 2015. The model results highlight the presence of common unobserved effects affecting the two components of the joint model as well as the presence of parameter heterogeneity. The equivalent log-likelihood and goodness of fit measures clearly highlight the superiority of the proposed joint model over the commonly used multivariate approach.
Identifier: CFE0007392 (IID), ucf:52740 (fedora)
Note(s): 2018-05-01
M.S.
Engineering and Computer Science, Civil, Environmental and Construction Engineering
Masters
This record was generated from author submitted information.
Subject(s): Joint system
Multinomial fractional split model
Crash types
Equivalent log-likelihood
Comparison exercise
and Unobserved effect.
Persistent Link to This Record: http://purl.flvc.org/ucf/fd/CFE0007392
Restrictions on Access: public 2018-11-15
Host Institution: UCF

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