Publication:
Demand Forecasting Errors

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dc.contributor.authorMackie, Peter
dc.contributor.authorNellthorp, John
dc.contributor.authorLaird, James
dc.date.accessioned2012-08-13T16:03:13Z
dc.date.available2012-08-13T16:03:13Z
dc.date.issued2005-01
dc.description.abstractDemand forecasts form a key input to the economic appraisal. As such any errors present within the demand forecasts will undermine the reliability of the economic appraisal. The minimization of demand forecasting errors is therefore important in the delivery of a robust appraisal. This issue is addressed in this note by introducing the key issues, and error types present within demand forecasts (Section 1). Following that introductory section the error types are described in more detail: measurement error (Section 2), model specification error (Section 3) and External or Exogenous Errors (Section 4). The final section presents a discussion on how to manage demand forecasting errors (Section 5).en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/01/6376813/demand-forecasting-errors
dc.identifier.doi10.1596/11797
dc.identifier.urihttps://hdl.handle.net/10986/11797
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesTransport Notes Series; No. TRN 12
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGGREGATION
dc.subjectAREA
dc.subjectBASE YEAR
dc.subjectBUS
dc.subjectBUS STOPS
dc.subjectBUSES
dc.subjectCAR OWNERSHIP
dc.subjectCARS
dc.subjectCONGESTION
dc.subjectCONSTRUCTION
dc.subjectCOST BENEFIT ANALYSIS
dc.subjectDEPENDENCY
dc.subjectDESTINATION
dc.subjectDRIVERS
dc.subjectECONOMIC APPRAISAL
dc.subjectELASTICITY
dc.subjectELASTICITY OF DEMAND
dc.subjectEXTRAPOLATION
dc.subjectFARE LEVELS
dc.subjectFARES
dc.subjectFORECASTING MODELS
dc.subjectFORECASTS
dc.subjectFRAMEWORK
dc.subjectFREIGHT
dc.subjectFREIGHT TRAFFIC
dc.subjectFUEL
dc.subjectFUEL PRICE
dc.subjectGDP
dc.subjectGENERATED TRAFFIC
dc.subjectGEOGRAPHIC INFORMATION
dc.subjectGEOGRAPHIC INFORMATION SYSTEMS
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectHIGHWAYS
dc.subjectINCOME
dc.subjectINTERACTION BETWEEN ROADS
dc.subjectINTERFACE
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERPOLATION
dc.subjectJOURNEY
dc.subjectLAND USE
dc.subjectLIGHT RAIL
dc.subjectORIGIN
dc.subjectPASSENGER
dc.subjectPASSENGER VOLUMES
dc.subjectPASSENGERS
dc.subjectPEAK PERIODS
dc.subjectPORTS
dc.subjectPRIVATE ROAD TRAFFIC
dc.subjectPUBLIC TRANSPORT
dc.subjectPUBLIC TRANSPORT FARES
dc.subjectPUBLIC TRANSPORT PASSENGER
dc.subjectPUBLIC TRANSPORT SERVICE
dc.subjectROAD HAULAGE
dc.subjectROAD NETWORK
dc.subjectROAD TOLLS
dc.subjectROAD TRAFFIC
dc.subjectROADS
dc.subjectROUTE
dc.subjectROUTE CHOICE
dc.subjectROUTES
dc.subjectSPEED
dc.subjectSTATISTICAL ANALYSIS
dc.subjectSURVEYING
dc.subjectTRAFFIC
dc.subjectTRAFFIC FLOW
dc.subjectTRAFFIC FLOWS
dc.subjectTRAFFIC GROWTH
dc.subjectTRAFFIC PATTERNS
dc.subjectTRAINS
dc.subjectTRANSPORT
dc.subjectTRANSPORT ECONOMICS
dc.subjectTRANSPORT INVESTMENT
dc.subjectTRANSPORT OPERATORS
dc.subjectTRANSPORT POLICY
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT SECTOR
dc.subjectTRANSPORT SERVICES
dc.subjectTRANSPORT SYSTEM
dc.subjectTRAVEL TIME
dc.subjectTRAVEL TIMES
dc.subjectTRAVELLERS
dc.subjectTRUCKS
dc.subjectVALUE OF TIME
dc.subjectVEHICLE FLEETS
dc.subjectVEHICLE OWNERSHIP
dc.subjectVEHICLES
dc.subjectWALKING
dc.subjectWALKING TIME
dc.titleDemand Forecasting Errorsen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T10:37:39.349922Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2005/01/6376813/demand-forecasting-errors
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeTransport and ICT
okr.guid245401468140048029
okr.identifier.externaldocumentum000012009_20051028142114
okr.identifier.internaldocumentum6376813
okr.identifier.report33933
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/10/28/000012009_20051028142114/Rendered/PDF/339330rev.pdfen
okr.topicTransport::Airports and Air Services
okr.topicUrban Development::Transport in Urban Areas
okr.topicRoads and Highways
okr.topicEconomic Theory and Research
okr.topicGeographical Information Systems
okr.topicMacroeconomics and Economic Growth
okr.unitTransport Unit (ETWTR)
okr.volume1 of 1
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