Short-term traffic flow rate forecasting based on identifying similar traffic patterns

Abstract

The ability to timely and accurately forecast the evolution of traffic is very important in traffic management and control applications. This paper proposes a non-parametric and data-driven methodology for short-term traffic forecasting based on identifying similar traffic patterns using an enhanced K-nearest neighbor (K-NN) algorithm. Weighted Euclidean distance, which gives more weight to recent measurements, is used as a similarity measure for K-NN. Moreover, winsorization of the neighbors is implemented to dampen the effects of dominant candidates, and rank exponent is used to aggregate the candidate values. Robustness of the proposed method is demonstrated by implementing it on large datasets collected from different regions and by comparing it with advanced time series models, such as SARIMA and adaptive Kalman Filter models proposed by others. It is demonstrated that the proposed method reduces the mean absolute percent error by more than 25%. In addition, the effectiveness of the proposed enhanced K-NN algorithm is evaluated for multiple forecast steps and also its performance is tested under data with missing values. This research provides strong evidence suggesting that the proposed non-parametric and data-driven approach for short-term traffic forecasting provides promising results. Given the simplicity, accuracy, and robustness of the proposed approach, it can be easily incorporated with real-time traffic control for proactive freeway traffic management.