A HAZARD-BASED DURATION MODEL OF SHOPPING ACTIVITY WITH NONPARAMETRIC BASELINE SPECIFICATION AND NONPARAMETRIC CONTROL FOR UNOBSERVED HETEROGENEITY

In this paper, the author examines the factors affecting shopping activity duration during the return home from work and develop a comprehensive methodological framework to estimate a stochastic hazard-based duration model from grouped (interval-level) failure data. The framework accommodates a nonparametric baseline hazard distribution and allows for nonparametric control of unobserved heterogeneity, while incorporating the effects of covariates. The framework also facilitates statistical testing of alternative parametric assumptions on the baseline hazard distribution and on the unobserved heterogeneity distribution. Empirical results indicate significant effects of unobserved heterogeneity on shopping activity duration of individuals. Further, it is found that parametric forms for the baseline hazard and unobserved heterogeneity distributions are inadequate, and are likely to lead to substantial biases in covariate effects and hazard dynamics.

  • Availability:
  • Corporate Authors:

    Elsevier

    The Boulevard, Langford Lane
    Kidlington, Oxford  United Kingdom  OX5 1GB
  • Authors:
    • Bhat, C R
  • Publication Date: 1996-6

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00723224
  • Record Type: Publication
  • Files: TRIS, ATRI
  • Created Date: Jul 1 1996 12:00AM