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Published on: January 20, 2023
Scalability evaluation of forecasting methods applied to bicycle sharing systems.
Alexandra Cortez-Ordoñez1, Pere-Pau Vázquez2, José Antonio Sanchez-Espigares3
1Department of Statistics and Operations Research, UPC-BarcelonaTECH, Avda. Diagonal, 647, Planta 6, 08034 - Barcelona, Spain.
This study evaluates prediction algorithms for public Bicycle Sharing Systems (BSS). Prophet and Random Forest algorithms show consistent results, but small BSS often lack sufficient data for accurate predictions.
Area of Science:
- Urban Mobility
- Data Science
- Transportation Engineering
Background:
- Public Bicycle Sharing Systems (BSS) are increasingly common in urban environments.
- Predictive analysis is crucial for BSS operations, including demand forecasting and bike rebalancing.
- Current BSS algorithm evaluations often lack scalability assessments across different system sizes.
Purpose of the Study:
- To assess the performance of popular prediction algorithms across varying Bicycle Sharing System (BSS) sizes.
- To identify algorithms that provide consistent results regardless of system scale.
- To understand data sufficiency challenges in smaller BSS for predictive modeling.
Main Methods:
- Evaluation of well-established prediction algorithms.
- Testing across three distinct BSS sizes: small (~20 stations), medium (400+ stations), and large (1500+ stations).
- Comparative analysis of algorithm accuracy and reliability based on system scale.
Main Results:
- Prophet and Random Forest demonstrated the most consistent predictive performance across different BSS sizes.
- Smaller BSS (around 20 stations) frequently exhibited insufficient data, hindering robust algorithm performance.
- Algorithm effectiveness is significantly influenced by the volume of historical data available, which correlates with system size.
Conclusions:
- Prophet and Random Forest are recommended for BSS prediction tasks due to their consistent performance.
- Data availability is a critical factor for successful predictive modeling in BSS, particularly for smaller systems.
- Future research should focus on methods to improve predictions in data-scarce BSS environments.
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