New Bayesian combination method for short-term traffic flow forecasting

The Bayesian combination method (BCM) proposed by Petridis et al. (2001) is an integrated method that can effectively improve the predictions of single predictors. However, research has found that it considers redundant prediction errors of component predictors when calculating their credits, which makes it quite impervious to the fluctuated accuracy of the component predictors. To address this problem, a new BCM has been developed here to improve the performance of the traditional BCM. It assumes that at one prediction interval, the traffic flow is correlated with the traffic flows of only a few previous intervals. With this assumption, the credits of the component predictors in the BCM are only accounted for by their prediction performance for a few intervals rather than for all intervals. Therefore, compared with the traditional BCM, the new BCM is more sensitive to the perturbed performance of the component predictors and can adjust their credits more rapidly, and better predictions are generated as a result. To analyze the relevancy between the historical traffic flows and the traffic flow at the current interval, the entropy-based grey relation analysis method is proposed in detail. Three single predictors, namely the autoregressive integrated moving average (ARIMA), Kalman filter (KF) and back propagation neural network (BPNN) are designed and incorporated linearly into the BCM to take advantage of each method. A numerical application demonstrates that the new BCM considerably outperforms the traditional BCM both in terms of accuracy and stability.

• Record URL:
  https://doi.org/10.1016/j.trc.2014.02.005
• Record URL:
  http://www.sciencedirect.com/science/article/pii/S0968090X14000370
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/0968090X
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Wang, Jian
  • Deng, Wei
  • Guo, Yuntao
• Publication Date: 2014-6

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: pp 79-94
• Serial:
  • Transportation Research Part C: Emerging Technologies
  • Volume: 43, Part 1
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 0968-090X
  • Serial URL: http://www.sciencedirect.com/science/journal/0968090X

Subject/Index Terms

• TRT Terms: Bayes' theorem; Mathematical models; Mathematical prediction; Real time data processing; Traffic congestion; Traffic flow rate; Traffic flow theory; Traffic forecasting
• Subject Areas: Data and Information Technology; Highways; Operations and Traffic Management; Planning and Forecasting; I71: Traffic Theory;

Filing Info

• Accession Number: 01531050
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 24 2014 3:18PM