Comparing rail forecasting approaches
Report about an investigation into the accuracy of a rail journey forecasting method described in Arup and Oxera's 2009 'revisiting' study.
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Part of a programme of work to evaluate Arup and Oxera’s 2009 ‘Revisiting the elasticity based framework’ study. Its intention is to investigate:
- how accurately the ‘revisiting’ framework is able to replicate actual rail demand, both using the revisiting market segmentation and the market segmentation outlined in the ‘Passenger demand forecasting handbook’ (PDFH)
- how the accuracy of the revisiting framework compares to the accuracy of the PDFH forecasting framework