Forecasting vs. observed outturn: Studying choice in faster inter-island connections
ridership - mode choice, ridership - forecasting, ridership - forecasting, ridership - demand, mode - ferry
Travel models (Travel demand), Travel demand, Tenerife (Canary Islands), Scenarios, Projections, Observation, Mode choice, Modal choice, Mathematical models, Islands, Gran Canaria (Canary Islands), Forecasting, Ferry service, Choice of transportation
Passenger demand and, in particular, mode choice between the islands of Gran Canaria and Tenerife have experienced important changes in the last decade. In 2005 the jetfoil, which had been the dominant mode for many years, was replaced by a slower but cheaper fast ferry service. This induced important changes in the market shares of all competing modes (airplane, slow ferry and another fast ferry with a shorter in-sea time, but needing a bus connection in land). The authors estimated several discrete choice models, with data collected two years before, with the aim to test their forecasting performance in relation with observed behaviour. Interestingly, the authors found that an easy to interpret multinomial logit model allowing for systematic taste variations performed best in forecasting. The authors also discuss some model assumptions related to forecasting that allow replicating the effects of introducing a new mode more accurately. The authors finally show how the model can be used to examine the social benefits of a related infrastructure improvement project in the island of Gran Canaria.
Grisolia, Jose, de Dios Ortuzar, Juan, (2010). Forecasting vs. observed outturn: Studying choice in faster inter-island connections. Transportation Research Part A: Policy and Practice, Volume 44, Issue 3, pp 159-168.