2022
DOI: 10.1016/j.jocm.2021.100340
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Choice modelling in the age of machine learning - Discussion paper

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Cited by 62 publications
(9 citation statements)
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References 145 publications
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“…The two-step algorithm shows how unsupervised and supervised machine learning methods can work together and interact to improve each other’s performance. The advantages of using machine learning approaches are listed in the following: (i) the structure of the problem is learned from the data as opposed to being predefined; (ii) machine learning is particularly strong at variable selection, unlike statistical approaches where variables are explicitly defined a priori; (iii) machine learning methods are known to have strong predictive power; and (iv) they work well with large datasets ( 20 ). Both bridge and traffic data are used in the calibration of the algorithm.…”
Section: Methodsmentioning
confidence: 99%
“…The two-step algorithm shows how unsupervised and supervised machine learning methods can work together and interact to improve each other’s performance. The advantages of using machine learning approaches are listed in the following: (i) the structure of the problem is learned from the data as opposed to being predefined; (ii) machine learning is particularly strong at variable selection, unlike statistical approaches where variables are explicitly defined a priori; (iii) machine learning methods are known to have strong predictive power; and (iv) they work well with large datasets ( 20 ). Both bridge and traffic data are used in the calibration of the algorithm.…”
Section: Methodsmentioning
confidence: 99%
“…Discrete choice models (DCMs) relying on full-fledged Natural Language Processing (NLP) methods to make use of additional text data are not yet used in the literature (van Cranenburgh et al 2021). A few papers indicate that both NLP methods and additional text data can capture subtleties that were overlooked in the literature before.…”
Section: Related Workmentioning
confidence: 99%
“…It would also be of interest to investigate the usefulness of alternative methods, for instance data-driven models such as supervised machine learning methods (see van Cranenburgh et al (2022) for a discussion of current practices of machine learning used for choice modelling). Another interesting option would be to use parts of the dataset for validation and testing, to evaluate out of sample prediction and avoid overfitting, in a similar way to what is common practice in machine learning.…”
Section: Contributions Of Paper 1 and Papermentioning
confidence: 99%