2018
DOI: 10.7307/ptt.v30i2.2388
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Real Time Short-term Forecasting Method of Remaining Parking Space in Urban Parking Guidance Systems

Abstract: Short-term forecasting of the remaining parking space is important for urban parking guidance systems (PGS). The previous methods like polynomial equations and neural network methods are difficult to be applied in practice because of low accuracy or lengthy initial training time which is unfavourable if real-time training is carried out on adapting to changing traffic conditions. To forecast the remaining parking space in real-time with higher accuracy and improve the performances of PGS, this study develops a… Show more

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Cited by 3 publications
(1 citation statement)
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“…In various time series analysis studies on parking space prediction, variants of ARIMA have achieved valuable results. For example, Zhu et al applied an ARIMA model with an additional real-time short-term forecasting framework to create a parking guidance system in Nanjing, China, which outperformed both a conventional neural network method and the Markov chain method (14). Friso et al implemented seasonal ARIMA in a short-term traffic prediction case study that, despite its simplicity, obtained more accurate results than more complicated methods like multivariate spatial-temporal ARIMA (15).…”
Section: Related Literaturementioning
confidence: 99%
“…In various time series analysis studies on parking space prediction, variants of ARIMA have achieved valuable results. For example, Zhu et al applied an ARIMA model with an additional real-time short-term forecasting framework to create a parking guidance system in Nanjing, China, which outperformed both a conventional neural network method and the Markov chain method (14). Friso et al implemented seasonal ARIMA in a short-term traffic prediction case study that, despite its simplicity, obtained more accurate results than more complicated methods like multivariate spatial-temporal ARIMA (15).…”
Section: Related Literaturementioning
confidence: 99%