Large public transport projects require patronage demand estimates for planning and investment purposes. While patronage forecasting has been in use for over 50 years, providing the basis for determining the best option to a transport problem and guide investment decisions, they are more often than not, wrong!
Forecasts involve large data collection and analysis exercises using sophisticated strategic transport models to produce forecasts and estimates. Understanding and making judgements on critical assumptions in these models is complex and there are only a very limited number of experienced public transport forecasting professionals. [Read more…]