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2022
DOI: 10.3390/math10224279
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Forecasting Day-Ahead Traffic Flow Using Functional Time Series Approach

Abstract: Nowadays, short-term traffic flow forecasting has gained increasing attention from researchers due to traffic congestion in many large and medium-sized cities that pose a serious threat to sustainable urban development. To this end, this research examines the forecasting performance of functional time series modeling to forecast traffic flow in the ultra-short term. An appealing feature of the functional approach is that unlike other methods, it provides information over the whole day, and thus, forecasts can … Show more

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Cited by 22 publications
(11 citation statements)
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“…MAE, MAPE, and RMSE 2022 [27] ARIMA, Random Walk Forecast, and Deviation from historical average. root mean square error of prediction (RMSEP), mean absolute deviation (MAD) and MAPE 2002 [28] Forecasting day-ahead traffic flow using functional time series approach (FAR) and ARIMA.…”
Section: Mae Mape and Rmse 2022 [26]mentioning
confidence: 99%
“…MAE, MAPE, and RMSE 2022 [27] ARIMA, Random Walk Forecast, and Deviation from historical average. root mean square error of prediction (RMSEP), mean absolute deviation (MAD) and MAPE 2002 [28] Forecasting day-ahead traffic flow using functional time series approach (FAR) and ARIMA.…”
Section: Mae Mape and Rmse 2022 [26]mentioning
confidence: 99%
“…CNN and LSTM were compared to existing baseline models to determine their effectiveness. Shah, Almazah and Rezami, [25] analyze how well functional time series modeling predicts traffic flow one day in advance. Additionally, researchers compared the developed model FAR (1) with the conventional ARIMA Model.…”
Section: Literature Reviewmentioning
confidence: 99%
“…This research contributes to the literature on O 3 forecasting by applying functional data analysis (FDA) methods, which can capture the dynamic and complex features of the O 3 concentration as a function of time. FDA methods have been used in various fields such as bio-statistics, econometrics, and environmental science, but are less explored in the context of O 3 forecasting (Jan et al 2022;Shah et al 2022). This study proposes a novel time series model based on FDA, which treats each day as a single functional observation with 24 discrete points.…”
Section: Introductionmentioning
confidence: 99%