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Title: Econometric Modeling and Forecasting of Annual Vehicle Miles of Travel for Washington State Highways
Accession Number: 01128634
Record Type: Component
Availability: Transportation Research Board Business Office 500 Fifth Street, NW Abstract: Understanding the dynamics of the annual vehicle miles of travel (AVMT) and forecasting the future AVMT growth rates for the Washington State highways are crucial for estimating congestion, air quality, and gas tax revenues, and planning for the transportation infrastructure investment. Sixteen model formulations were proposed for estimating the passenger and heavy truck AVMT on each functional class. In addition to the Ordinary Least Squares (OLS) regressions and the Prais-Winston transformations of the OLS regressions, robust regression routines - Iteratively Reweighted Least Squares (IRWLS) and Least Absolute Value (LAV) regression - were used to resist the pull of outliers. Elasticity based models and regression models were used to forecast the passenger and heavy truck AVMT on each functional class. Roadway miles, motor gasoline prices, employment, population, personal income, taxable retail sales, gross state products for different sectors, and historical container volumes for the Port of Tacoma and Port of Seattle were incorporated into the models as the primary determinates of the travel demand in Washington State.
Monograph Title: Monograph Accession #: 01120148
Report/Paper Numbers: 09-1241
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Creamer, Selmin FJessup, Eric LCasavant, Kenneth LPagination: 28p
Publication Date: 2009
Conference:
Transportation Research Board 88th Annual Meeting
Location:
Washington DC, United States Media Type: DVD
Features: References
(15)
; Tables
(5)
TRT Terms: Uncontrolled Terms: Geographic Terms: Subject Areas: Highways; Planning and Forecasting; I72: Traffic and Transport Planning
Source Data: Transportation Research Board Annual Meeting 2009 Paper #09-1241
Files: TRIS, TRB
Created Date: Jan 30 2009 5:27PM
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