Fullerton, Thomas M., Jr. and Mukhopadhyay, Somnath (2013): Border Region Bridge and Air Transport Predictability. Published in: Journal of Business & Economics , Vol. 4, No. 11 (11 November 2013): pp. 1089-1104.
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Abstract
Border region transportation forecast analysis is fraught with difficulty. In the case of El Paso, Texas and Ciudad Juarez, Chihuahua, Mexico, dual national business cycles and currency market fluctuations further complicate modeling efforts. Incomplete data samples and asymmetric data reporting conventions further confound forecasting exercises. Under these conditions, a natural alternative to structural econometric models to consider is neural network analysis. Neural network forecasts of air transportation and international bridge activity are developed using a multi-layered perceptron approach. Those out-of sample simulations are then compared to previously published forecasts produced with a system of simultaneous econometric equations. Empirical results indicate that the econometric approach is generally more accurate. In several cases, the two sets of forecasts are found to contain complementary information.
Item Type: | MPRA Paper |
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Original Title: | Border Region Bridge and Air Transport Predictability |
Language: | English |
Keywords: | Regional Transport Demand; Neural Networks; Econometric Forecasting |
Subjects: | C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C53 - Forecasting and Prediction Methods ; Simulation Methods R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R41 - Transportation: Demand, Supply, and Congestion ; Travel Time ; Safety and Accidents ; Transportation Noise |
Item ID: | 59583 |
Depositing User: | Thomas Fullerton |
Date Deposited: | 01 Nov 2014 09:42 |
Last Modified: | 01 Oct 2019 10:25 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/59583 |