Over the years, many TMCs have accumulated large loop detector datasets due to the loops' extensive presence in existing infrastructure. However, the information in these data sets often lies dormant partly because of the lack of effective means to summarize and display it. We present a simple...

As advanced traveler information systems become increasingly prevalent the importance of accurately estimating link travel times grows. Unfortunately, the predominant source of highway traffic information comes from single-loop loop detectors which do not directly measure vehicle speed. The...

We present a novel, off-line approach for evaluating incident detection algorithms. Previous evaluations have focused on determining the detection rate versus false alarm rate curve -- a process which we argue is inherently fraught with difficulties. Instead, we propose a cost-benefit analysis...

One popular approach for nonstructural economic and financial forecasting is to include a large number of economic and financial variables, which has been shown to lead to significant improvements for forecasting, for example, by the dynamic factor models. A challenging issue is to determine...