Please use this identifier to cite or link to this item:
Title: Forecasting with strategic transport models corrected for endogeneity
Authors: Guerrero, Thomas Edison
Guevara, C Ángelo
Cherchi, Elisabetta
Ortuzar Salas, Juan de Dios
Keywords: Modelos de elección discreta
Función de control
Modelos de transporte estratégicos
Issue Date: 11-Mar-2021
Publisher: William H.K. Lam
Citation: Thomas E. Guerrero, C. Angelo Guevara, Elisabetta Cherchi & Juan de Dios Ortúzar (2021): Forecasting with strategic transport models corrected for endogeneity, Transportmetrica A: Transport Science, DOI: 10.1080/23249935.2021.1891154
Series/Report no.: CERG;ART18
Abstract: The correction of endogeneity is a problem in strategic transport modelling; the question remains on how to make appropriate forecasts in this case. We propose a variation of the classical Control Function (CF) method, called Control Function Updated (CFU), which considers updating the endogeneity correction using information from the future equilibria. The proposed method is assessed using Monte Carlo simulation for a strategic transport model affected by three endogeneity sources, examining the equilibrium results for various future scenarios. We compare the CFU method by doing nothing and with the classical CF approach. The forecasts are evaluated in terms of recovering the true (simulated) travel times and two indices of fit. Results show that the endogenous (do nothing) model produces large biases in simulated travel times and poor goodness-of-fit measures that steeply worsen with time in future scenarios. The corrected models perform much better and, in particular, the new CFU approach shows statistically significant improvements over the classical approach in all scenarios tested.
ISSN: 23249935
Appears in Collections:Artículos

Files in This Item:
There are no files associated with this item.

This item is licensed under a Creative Commons License Creative Commons