Figure 4: Fitting and Prediction of the Traffic Flow.
4 CONCLUSION
This article utilizes existing data to construct an
ARIMA model for fitting and forecasting the traffic
flow at a certain intersection. By selecting and
comparing various parameters, the fitting results
under different scenarios were examined to find the
most accurate model. This demonstrates that ARIMA
model is feasible in traffic flow prediction.
However, the ARIMA model also has some
limitations. First and foremost, the prerequisite for the
successful establishment of the model is that the data
is stationary. Therefore, it is necessary to perform
tests for stationarity and transform the collected data
before applying the model. What’s more, outliers in
the data can lead to deviations in the fitting results and
predicted values of the model. Therefore, it is
advisable to use other models for data preprocessing
to reduce the impact of outliers before employing the
ARIMA model for modelling.
In conclusion, the ARIMA model possesses
certain advantages and potential applications in road
traffic flow prediction whereas it also has some
limitations. The traffic flow predicted by this model
holds promise in assisting traffic dispatching or
accident early warning systems, thereby enhancing
traffic efficiency or reducing accident rates. Future
research could explore alternative models such as
regression models or deep reinforcement learning
models to enhance traffic flow prediction.
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