Slide 59
Slide 59 text
Model Equation
• The model would take the form:
!
Sij
(m, a, n, x, h)
!
= Ai
(m, a, n, x, h)Bj
(a, x, h)ei
(m, a, n, x, h)Oi
(m)Dj
(a, n, x, h)exp[-
β(m)cij
(m)]
!
• This conceptual model would suffer from having too many
cells, but we will use the experience of examining the data to
find ways of aggregating.
• Initially, the model would be run on a doubly constrained basis
for calibration purposes.
• It would then be possible to replace Dj
(a, n, x, h) by a set of
attractiveness factors, Wj
(a, n, x, h). This would provide a
‘What if?’ capability. The model could then be used to test
various future policy options.