TOWARD A LEADING TRAVEL INDICATOR

The concept of a leading travel indicator, analogous to the familiar leading economic indicator, is explored and discussed in this paper. The purpose of the paper is to propose a framework for the development of useful indicators at the national, state, and local levels, that would predict travel 1-3 months in the future. The primary uses and characteristics of such indicators - time frame, modes, scales, economic ties, and technical criteria - are first reviewed. Then, for each of 8 components of passenger travel and freight movement, a number of existing or potential leading indicators are described according to the rationale for their choice. These indicators generally relate travel to direct future measures of economic activity, and are generally available at the national level on a monthly basis. Thus, leading travel indicators could probably be developed relatively easily. The paper concludes by suggesting how such components might be combined into a single leading travel indicator. /Author/

Media Info

  • Features: References; Tables;
  • Pagination: 36 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00197149
  • Record Type: Publication
  • Report/Paper Numbers: PRR 154
  • Files: TRIS, STATEDOT
  • Created Date: Oct 17 1979 12:00AM