English, Article edition: Demand Forecast and Elasticities Estimation of Public Transport Antonio García-Ferrer; Marcos Bujosa; Aránzazu de Juan; ...

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Demand Forecast and Elasticities Estimation of Public Transport
Author
  • Antonio García-Ferrer
  • Marcos Bujosa
  • Aránzazu de Juan
  • Pilar Poncela
Physical Description
  • article
Notes
  • This paper is related to the choice of alternative types of public transport modes and its incidence in the Madrid Metropolitan Area. When planning transport facilities, two conditions are needed: efficient estimation of the users' response to changes in prices and in the characteristics of the services; and reliable predictions of demand. These two conditions are the main objectives of this paper. Given a monthly database, the authors address the first objective using a causal econometric model. As a baseline for forecasting comparisons, they also use new variants of univariate unobserved components models. Forecasting evaluation is based on a variety of accuracy measures to avoid misleading conclusions. © 2006 LSE and the University of Bath
  • RePEc:tpe:jtecpo:v:40:y:2006:i:1:p:45-67
Language
  • English
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