A Matlab code for short term traffic flow forecasting by double seasonal

Holt-Winters exponential smoothing

A.Pompigna, PhD
Bologna
2017

Abstract
The code produces short-term traffic flow forecast (i.e. quarters of an hour for the current day
+ few future days), based on data during the last month. The analysis of the time series and
the short-term prediction are carried out using a double seasonal Holt-Winters exponential
smoothing method with fixed parameters, as outlined in the paper by Taylor. (2003)
REFERENCES

Taylor, J. W. (2003). Short-term electricity demand forecasting using double seasonal

exponential smoothing. Journal of the Operational Research Society,54(8), 799-805.

Yu, Y., Sun, L., & Li, G. Short-Term Traffic Forecasting Using the Double Seasonal Holt-
Winters Method. In CICTP 2016 (pp. 162-173).