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Forecasting car rental demand based temporal and spatial travel patterns

  • Shuo Lei
  • , Haiquan Wang
  • , Chen Yang
  • , Bowen Du*
  • , Runxing Zhong
  • , Runhe Huang
  • *Corresponding author for this work
  • Beihang University
  • Hosei University

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Recent years, shared mobility services have gained momentum across the world. Meanwhile, rental car industry has seen great developments in China and has reached a scale of economy. Knowing the rental behavior pattern and forecasting the demand become more important for rental businesses. To this end, in this paper, we aim to analyze the rental mobility pattern by examining multiple factors in a holistic manner. A special goal is to predict the demand of a given region. Specifically, we first analyze regular mobility based on real trips of rental cars. Then, we extract key features from multiple types of rental-related data, such as rental behavior profiles and geo-social information of regions. Next, based on these features, we develop a multi-Task learning based regression approach for predicting rental cars' demand. This approach can effectively learn not only fundamental features but also relationships between regions by considering multiple factors. Finally, we conduct extensive experiments on real-world rental trip data collected in Beijing. The experimental results validate the effectiveness of the proposed approach for forecasting rental demand in the real world.

Original languageEnglish
Title of host publication2017 IEEE SmartWorld Ubiquitous Intelligence and Computing, Advanced and Trusted Computed, Scalable Computing and Communications, Cloud and Big Data Computing, Internet of People and Smart City Innovation, SmartWorld/SCALCOM/UIC/ATC/CBDCom/IOP/SCI 2017 - Conference Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1-8
Number of pages8
ISBN (Electronic)9781538604342
DOIs
StatePublished - 26 Jun 2018
Event2017 IEEE SmartWorld Ubiquitous Intelligence and Computing, Advanced and Trusted Computed, Scalable Computing and Communications, Cloud and Big Data Computing, Internet of People and Smart City Innovation, SmartWorld/SCALCOM/UIC/ATC/CBDCom/IOP/SCI 2017 - San Francisco, United States
Duration: 4 Apr 20178 Apr 2017

Publication series

Name2017 IEEE SmartWorld Ubiquitous Intelligence and Computing, Advanced and Trusted Computed, Scalable Computing and Communications, Cloud and Big Data Computing, Internet of People and Smart City Innovation, SmartWorld/SCALCOM/UIC/ATC/CBDCom/IOP/SCI 2017 - Conference Proceedings

Conference

Conference2017 IEEE SmartWorld Ubiquitous Intelligence and Computing, Advanced and Trusted Computed, Scalable Computing and Communications, Cloud and Big Data Computing, Internet of People and Smart City Innovation, SmartWorld/SCALCOM/UIC/ATC/CBDCom/IOP/SCI 2017
Country/TerritoryUnited States
CitySan Francisco
Period4/04/178/04/17

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