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Journal article

Inaccuracy in traffic forecasts

Abstract:

This paper presents results from the first statistically significant study of traffic forecasts in transportation infrastructure projects. The sample used is the largest of its kind, covering 210 projects in 14 nations worth US$58 billion. The study shows with very high statistical significance that forecasters generally do a poor job of estimating the demand for transportation infrastructure projects. The result is substantial downside financial and economic risk. Forecasts have not become m...

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Publication date:
2006-01-01
URN:
uuid:05d94693-b5f5-4f0a-9ad0-f04c18abf898
Local pid:
oai:eureka.sbs.ox.ac.uk:726

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