scholarly journals Transferability of a Machine Learning-Based Model of Hourly Traffic Volume Estimation—Florida and New Hampshire Case Study

2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Przemysław Sekuła ◽  
Zachary Vander Laan ◽  
Kaveh Farokhi Sadabadi ◽  
Krzysztof Kania ◽  
Sara Zahedian

This paper focuses on the problem of model transferability for machine learning models used to estimate hourly traffic volumes. The presented findings enable not only an increase in the accuracy of existing models but also, simultaneously, reduce the cost of data needed for training the models—making statewide traffic volume estimation more economically feasible. Previous research indicates that machine learning volume estimation models that leverage GPS probe data can provide transportation agencies with accurate estimates of hourly traffic volumes—which are fundamental for both operational and planning purposes—and do so with a higher level of accuracy than the prevailing profiling method. However, this approach requires a large dataset for model calibration (i.e., input and continuous count station data), which involves significant monetary investment and data-processing effort. This paper proposes solutions, which allow the model to be prepared using a much smaller dataset, given that a previously collected dataset, which may be gathered in a different place and time period, exists. Based on a broad selection of experiments, the results indicate that the proposed approach is capable of achieving similar model performance while collecting data for a 5 times shorter time period and utilizing 1/4 of the number of continuous count stations. These findings will help reduce the cost of preparing and maintaining the traffic volume models and render the traffic volume estimations more financially appealing.

2018 ◽  
Vol 97 ◽  
pp. 147-158 ◽  
Author(s):  
Przemysław Sekuła ◽  
Nikola Marković ◽  
Zachary Vander Laan ◽  
Kaveh Farokhi Sadabadi

2017 ◽  
Vol 29 (2) ◽  
pp. 272-285 ◽  
Author(s):  
Xianyuan Zhan ◽  
Yu Zheng ◽  
Xiuwen Yi ◽  
Satish V. Ukkusuri

2019 ◽  
Vol 11 (24) ◽  
pp. 3047 ◽  
Author(s):  
Thomas Dimopoulos ◽  
Nikolaos Bakas

A recent study of property valuation literature indicated that the vast majority of researchers and academics in the field of real estate are focusing on Mass Appraisals rather than on the further development of the existing valuation methods. Researchers are using a variety of mathematical models used within the field of Machine Learning, which are applied to real estate valuations with high accuracy. On the other hand, it appears that professional valuers do not use these sophisticated models during daily practice, rather they operate using the traditional five methods. The Department of Lands and Surveys in Cyprus recently published the property values (General Valuation) for taxation purposes which were calculated by applying a hybrid model based on the Cost approach with the use of regression analysis in order to quantify the specific parameters of each property. In this paper, the authors propose a number of algorithms based on Artificial Intelligence and Machine Learning approaches that improve the accuracy of these results significantly. The aim of this work is to investigate the capabilities of such models and how they can be used for the mass appraisal of properties, to highlight the importance of sensitivity analysis in such models and also to increase the transparency so that automated valuation models (AVM) can be used for the day-to-day work of the valuer.


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