Publication Type
Journal Article
Version
publishedVersion
Publication Date
7-2012
Abstract
Kamarianakis et al. presented a promising application of multivariate time series analysis to the traffic condition forecasting problem in urban transportation networks. Interest is keen and growing in providing accurate predictions of link and route travel conditions, especially in the context of the burgeoning demand for ‘real-time’ traveler information. Forecasts underlying this information must be sufficiently accurate for the traveler information provided to be of tangible value. As the authors clearly pointed out, although the near ubiquitous availability of urban traffic condition data makes area-wide forecasts theoretically possible, scalability to area-wide networks and the required speed of forecast generation represent the primary challenges. As a potential answer to this two-pronged challenge, the authors proposed an autoregressive model structure that includes inputs from correlated adjacent data stations to model the dynamic deviation from a continually updated representation of the historical conditions. The method uses time-based thresholds to define distinct time periods during which separate linear models are identified and estimated using adaptive lasso regression. This discussion paper offers comments in three sections. The first section explores the relationship of the proposed method to the univariate seasonal ARIMA model presented in [1]. The second section discusses the sources of the distinct linear regimes in the proposed method. The final section offers recommendations for follow-on research that will more fully assess the utility and general applicability of the proposed method.
Discipline
Computer Engineering | Transportation
Research Areas
Intelligent Systems and Optimization
Areas of Excellence
Digital transformation
Publication
Applied Stochastic Models in Business and Industry
Volume
28
Issue
4
First Page
322
Last Page
323
ISSN
1524-1904
Identifier
10.1002/asmb.1941
Publisher
Wiley
Citation
KAMARIANAKIS, Yiannis; SHEN, Wei; and WYNTER, Laura.
Rejoinder: Real-time road traffic forecasting using regime-switching space-time models and adaptive lasso. (2012). Applied Stochastic Models in Business and Industry. 28, (4), 322-323.
Available at: https://ink.library.smu.edu.sg/sis_research/10259
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Additional URL
https://doi.org/10.1002/asmb.1941