Mariel, Petr; Ayala, Amaya de; Hoyos, David; Abdullah, Sabah - In: Journal of choice modelling 7 (2013) C, pp. 44-57
This paper examines two tests commonly used to select random parameters in choice modelling: the Lagrange Multiplier (LM) test as proposed by McFadden and Train (2000) and the t-statistic of the deviation of the random parameter. A simulation exercise based on a real case study is carried out...