forecasting model - meaning and definition. What is forecasting model
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What (who) is forecasting model - definition

Traffic forecast; Transport forecasting; Traffic forecasting; Transportation planning model; Four-step model; 4-step model; Travel demand modeling; Travel demand forecasting; Transportation model
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  • The Vicious Cycle of Predict and Provide

Weather Research and Forecasting Model         
  • Typhoon Mawar]] at 3.3-km (2.1-mi) grid spacing.  Time period is from 0000 UTC 22 August 2005 to 0000 UTC 24 August 2005.
WEATHER PREDICTION COMPUTER MODEL
HWFR; WRF-NMM; AR-WRF; Weather Research and Forecasting; Weather Research and Forecasting model; WRF‑ARW; Weather research and forecasting model
The Weather Research and Forecasting (WRF) Model () is a numerical weather prediction (NWP) system designed to serve both atmospheric research and operational forecasting needs. NWP refers to the simulation and prediction of the atmosphere with a computer model, and WRF is a set of software for this.
Forecasting (heating)         
TERM
Forecasting (Heating)
Forecasting is a method of controlling building heating by calculating demand for heating energy that should be supplied to the building in each time unit. By combining physics of structures with meteorology, properties of the building, weather conditions including outdoor temperature, wind power and direction, as well as solar radiation can be taken into account.
Transportation forecasting         
Transportation forecasting is the attempt of estimating the number of vehicles or people that will use a specific transportation facility in the future. For instance, a forecast may estimate the number of vehicles on a planned road or bridge, the ridership on a railway line, the number of passengers visiting an airport, or the number of ships calling on a seaport.

Wikipedia

Transportation forecasting

Transportation forecasting is the attempt of estimating the number of vehicles or people that will use a specific transportation facility in the future. For instance, a forecast may estimate the number of vehicles on a planned road or bridge, the ridership on a railway line, the number of passengers visiting an airport, or the number of ships calling on a seaport. Traffic forecasting begins with the collection of data on current traffic. This traffic data is combined with other known data, such as population, employment, trip rates, travel costs, etc., to develop a traffic demand model for the current situation. Feeding it with predicted data for population, employment, etc. results in estimates of future traffic, typically estimated for each segment of the transportation infrastructure in question, e.g., for each roadway segment or railway station. The current technologies facilitate the access to dynamic data, big data, etc., providing the opportunity to develop new algorithms to improve greatly the predictability and accuracy of the current estimations.

Traffic forecasts are used for several key purposes in transportation policy, planning, and engineering: to calculate the capacity of infrastructure, e.g., how many lanes a bridge should have; to estimate the financial and social viability of projects, e.g., using cost–benefit analysis and social impact assessment; and to calculate environmental impacts, e.g., air pollution and noise.

Examples of use of forecasting model
1. The new forecasting model is expected to supplant that.
2. At least one computer forecasting model showed the storm could enter the Gulf.
3. Known as ARW, the computer model is NCAR‘s research version of the Weather Research and Forecasting model (WRF), a joint effort by university and government scientists.
4. Separately, a leading economic forecaster said that the recent rise in oil prices has left the chancellor‘s Budget forecast of 3 per cent growth this year "looking far too optimistic". The doublingin the oil price since 2003 will knock three–quartersof a percentage point off economic growth this year, according to Ernst & Young‘s Item Club, which uses the Treasury‘s economic forecasting model.
5. Heather Stewart, economics correspondent Sunday October 16, 2005 The Observer The economy is growing at its slowest pace since the early–Nineties recession, according to an influential forecasting group which claims that Gordon Brown has ‘run out of luck‘. The Ernst and Young Item Club, which uses the Treasury‘s own forecasting model, says GDP growth in 2005 will be 1.6 per cent: just half the pace predicted in the Budget.