4.23 Advances in Computation, Statistical
Methods, and Testing of
Discrete Choice Models

This paper gives a brief overview of recent developments in
computation, estimation, and statistical testing of choice models,
with marketing applications. Topics include statistical models for
discrete panel data with heterogeneous decision-makers, simulation
methods for estimation of high-dimension multinomial probit models,
specification tests for model structure and for brand and purchase
clustering, and innovations in numerical analysis for estimation and
forecasting.