Incorporating Uncertainty Analysis into Forecasting. Group Discussion AMPO Travel Modeling Work Group Chicago, Illinois October 1, 2009. Why Bother?. A new way of thinking about forecasting Insights, not just model mechanics Range of possible outcomes
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Incorporating Uncertainty Analysis into Forecasting Group Discussion AMPO Travel Modeling Work Group Chicago, Illinois October 1, 2009
Why Bother? A new way of thinking about forecasting Insights, not just model mechanics Range of possible outcomes Another approach for quality control checks Information for decision makers Upper/lower bound, most likely Honesty in presentation of forecasts Predicted-versus-actual outcomes AMPO Travel Modeling Work Group Meeting 2
Example: Forecast Build-up • Series of forecasts for: • Today • Plus future transit network • Plus new transit behaviors • Plus future trip tables • Plus future highway congestion • Plus future parking costs • Plus alternative land use (?) Choice riders Park/ride etc. Guideway effects AMPO Travel Modeling Work Group Meeting
Example: Honolulu Rail Study Notes: - Transit demand ’05a is the 2005 on-board survey. - Bus speeds ’05+ are based on highway speeds from the assignment of 2005 person trips onto the 2030 highway network. - Highway speeds ’30- are from the assignment of 2030 person trips onto the 2005 highway network. AMPO Travel Modeling Work Group Meeting
Example Specifications AMPO Travel Modeling Work Group Meeting
Discussion Points Model documentation Assessment of model plausibility What it does/does not know well Markets, modes, behaviors Results of forecast tests Consistency with similar projects Key drivers of the forecasts Demographic/network inputs Alternative assumptions AMPO Travel Modeling Work Group Meeting 6