Should we use neural networks or statistical models for short-term motorway traffic forecasting

Should we use neural networks or statistical models for short-term motorway traffic forecasting

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Article ID: iaor19972391
Country: Netherlands
Volume: 13
Issue: 1
Start Page Number: 43
End Page Number: 50
Publication Date: Jan 1997
Journal: International Journal of Forecasting
Authors: , ,
Keywords: forecasting: applications, neural networks
Abstract:

This article discusses the relative merits of neural networks and time series methods for traffic forecasting and summarises the findings from a comparative study of their performance for motorway traffic in France. Whilst it was possible to get a good performance with both neural networks and traditional Auto-Regressive Integrated Moving Average (ARIMA) models when forecasting up to an hour ahead using data supplied in 30-min intervals, a purpose-built pattern based forecasting model known as ATHENA, developed by INRETS, out-performed both these methods somewhat. The ways in which these models relate to the structure of traffic data are discussed and alternative paradigms are proposed.

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