Demand forecasting for a novel transportation mode

The vehicle sharing systems (VSSs) are becoming more and more popular due to both economic and environmental effects. However, these systems mainly focus on two specific types of vehicles: bicycles and cars. Recently, some other types of vehicles (e.g. light electric vehicles) with some specific properties that distinguish them from cars and bicycles are introduced for use in such kind of systems. Therefore, they lack research in each component of the framework. The aim of this project is to forecast the demand for a novel transportation mode. The student should survey different types of approaches, such as ARIMA, to forecast demand in similar systems and compare them by identifying performance measures. Since the data for this specific transportation mode does not exist yet the student will be directed to use the taxi data, which shares many properties with the system of interest.