scholarly journals A note on out-of-sample prediction, marginal effects computations, and temporal testing with random parameters crash-injury severity models

Author(s):  
Qinzhong Hou ◽  
Xiaoyan Huo ◽  
Junqiang Leng ◽  
Fred Mannering
Author(s):  
Chunfu Xin ◽  
Zhenyu Wang ◽  
Chanyoung Lee ◽  
Pei-Sung Lin

Horizontal curves have been of great interest to transportation researchers because of expected safety hazards for motorcyclists. The impacts of horizontal curve design on motorcycle crash injuries are not well documented in previous studies. The current study aimed to investigate and to quantify the effects of horizontal curve design and associated factors on the injury severity of single-motorcycle crashes with consideration of the issue of unobserved heterogeneity. A mixed-effects logistic model was developed on the basis of 2,168 single-motorcycle crashes, which were collected on 8,597 horizontal curves in Florida for a period of 11 years (2005 to 2015). Four normally distributed random parameters (moderate curves, reverse curves, older riders, and male riders) were identified. The modeling results showed that sharp curves (radius <1,500 ft) compared with flat curves (radius ≥4,000 ft) tended to increase significantly the probability of severe injury (fatal or incapacitating injury) by 7.7%. In total, 63.8% of single-motorcycle crashes occurring on reverse curves are more likely to result in severe injury, and the remaining 26.2% are less likely to result in severe injury. Motorcyclist safety compensation behaviors (psychologically feeling safe, and then riding aggressively, or vice versa) may result in counterintuitive effects (e.g., vegetation and paved medians, full-access-controlled roads, and pavement conditions) or random parameters (e.g., moderate curve and reverse curve). Other significant factors include lighting conditions (darkness and darkness with lights), weekends, speed or speeding, collision type, alcohol or drug impairment, rider age, and helmet use.


Author(s):  
Renzhe Xu ◽  
Yudong Chen ◽  
Tenglong Xiao ◽  
Jingli Wang ◽  
Xiong Wang

As an important tool to measure the current situation of the whole stock market, the stock index has always been the focus of researchers, especially for its prediction. This paper uses trend types, which are received by clustering price series under multiple time scale, combined with the day-of-the-week effect to construct a categorical feature combination. Based on the historical data of six kinds of Chinese stock indexes, the CatBoost model is used for training and predicting. Experimental results show that the out-of-sample prediction accuracy is 0.55, and the long–short trading strategy can obtain average annualized return of 34.43%, which is a great improvement compared with other classical classification algorithms. Under the rolling back-testing, the model can always obtain stable returns in each period of time from 2012 to 2020. Among them, the SSESC’s long–short strategy has the best performance with an annualized return of 40.85% and a sharp ratio of 1.53. Therefore, the trend information on multiple time-scale features based on feature engineering can be learned by the CatBoost model well, which has a guiding effect on predicting stock index trends.


2017 ◽  
Vol 108 ◽  
pp. 172-180 ◽  
Author(s):  
Wen Cheng ◽  
Gurdiljot Singh Gill ◽  
Taha Sakrani ◽  
Mohan Dasu ◽  
Jiao Zhou

2018 ◽  
Vol 35 (2) ◽  
pp. 208-217 ◽  
Author(s):  
Maurits Kaptein

Purpose This paper aims to examine whether estimates of psychological traits obtained using meta-judgmental measures (as commonly present in customer relationship management database systems) or operative measures are most useful in predicting customer behavior. Design/methodology/approach Using an online experiment (N = 283), the study collects meta-judgmental and operative measures of customers. Subsequently, it compares the out-of-sample prediction error of responses to persuasive messages. Findings The study shows that operative measures – derived directly from measures of customer behavior – are more informative than meta-judgmental measures. Practical implications Using interactive media, it is possible to actively elicit operative measures. This study shows that practitioners seeking to customize their marketing communication should focus on obtaining such psychographic observations. Originality/value While currently both meta-judgmental measures and operative measures are used for customization in interactive marketing, this study directly compares their utility for the prediction of future responses to persuasive messages.


2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Daiquan Xiao ◽  
Quan Yuan ◽  
Shengyang Kang ◽  
Xuecai Xu

This study intended to investigate the crash injury severity from the insights of the novice and experienced drivers. To achieve this objective, a bivariate panel data probit model was initially proposed to account for the correlation between both time-specific and individual-specific error terms. The geocrash data of Las Vegas metropolitan area from 2014 to 2017 were collected. In order to estimate two (seemingly unrelated) nonlinear processes and to control for interrelations between the unobservables, the bivariate random-effects probit model was built up, in which injury severity levels of novice and experienced drivers were addressed by bivariate (seemingly unrelated) probit simultaneously, and the interrelations between the unobservables (i.e., heterogeneity issue) were accommodated by bivariate random-effects model. Results revealed that crash types, vehicle types of minor responsibility, pedestrians, and motorcyclists were potentially significant factors of injury severity for novice drivers, while crash types, driver condition of minor responsibility, first harm, and highway factor were significant for experienced drivers. The findings provide useful insights for practitioners to improve traffic safety levels of novice and experienced drivers.


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