BTS | Table 2 - Estimated Discrete Choice Functions

Table 2
Estimated Discrete Choice Functions

	MNL	NMNL
	MNL	Tree1	Tree2	Tree3	Tree4
Performance statistics
Log likelihood	-3,326.46	-3,326.10	-3,272.11	-3,325.52	-3,325.71
McFadden Rho-squared	0.4040	0.4041	0.4038	0.4042	0.4042
Correctly predicted (%)	58.746	58.746	58.705	58.746	58.746
Alternative specific variables
Distance	-0.37(-37.0)	-0.80(-40.3)	-0.37(-36.8)	-0.35(-16.9)	-0.38(-31.8)
TEUs per berth	-2.05(-4.5)	-4.37(-9.4)	-1.55(-3.3)	-1.95(-4.2)	-2.09(-4.6)
TEUs per crane	4.01(6.5)	8.57(13.1)	3.70(5.5)	3.80(5.8)	4.08(6.5)
Ship calls	-0.91(-7.0)	-1.95(-14.0)	-0.72(-5.0)	-0.86(-6.2)	-0.93(-7.1)
Usage factor	-3.27(-3.7)	-7.09(-8.0)	-2.82(-3.2)	-3.09(-3.5)	-3.33(-3.8)
Routes	0.10(6.6)	0.22(13.2)	0.07(4.1)	0.10(5.9)	0.11(6.6)
Constant variables
Chinese	1.13(23.9)	1.07(13.3)	11.33(12.8)	1.19(17.3)	1.18(17.7)
Dalian, Qingdao, other ports	0.74(0.8)	1.50(1.5)	0.69(0.7)	0.71(0.7)	0.76(0.8)
Tianjin, Qingdao	-1.41(-1.4)	-3.15(-3.2)	-1.23(-1.3)	-1.33(-1.4)	-1.44(-1.5)
Shanghai, other ports	3.75(4.4)	7.91(9.0)	3.30(3.7)	3.55(4.1)	3.81(4.4)
Dissimilarity parameters
Chinese	1.00	2.16(49.7)		0.93(1.2)	1.00
Non-Chinese	1.00	2.08(18.2)		1.00	1.06(1.2)
Dalian			9.10(7.6)
Tianjin			12.20(7.0)
Qingdao			3.82(7.0)
Shanghai			12.7(30.0)
Other ports			12.56(7.6)

Note: Numbers in parentheses are t-statistics.