Research Article
Nov 1972
Statistical Decision in Forecasting Planning Data
Publication: Transportation Engineering Journal of ASCE
Volume 98, Issue 4
Abstract
Application of probability theory provides a rational and systematic approach to the problem of reliability prediction of such basic planning input data as population and economic forecasts. Furthermore, Bayesian decision statistics permit the utilization of a quantitative method for determining the best possible planning decisions with available information and planners' past experience and judgement. In this study the concept of reliability in land use-transportation planning is examined. As an example, the problem of county-level population forecasting in the southeastern Wisconsin region is considered. The reliability values associated with the population projections generated by different methods and for various counties are established. Also examined are the optimal number of different sets of projections to be considered for a county. The procedure outlined here can assist planners to arrive at an optimum level of design year population based on economic considerations, past experience and the amount and nature of information available.
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Published In
Transportation Engineering Journal of ASCE
Volume 98 • Issue 4 • November 1972
Pages: 865 - 879
Copyright
© 1972 American Society of Civil Engineers.
History
Published in print: Nov 1972
Published online: Feb 5, 2021
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Authors
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Kumares C. Sinha, AM.ASCE
Assoc. Prof. of Civ. Engrg., Marquette Univ., Milwaukee, WI
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.