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Article

Taxi Demand and Fare Prediction with Hybrid Models: Enhancing Efficiency and User Experience in City Transportation

1
Faculty of Applied Sciences, Macao Polytechnic University, Macao SAR 999078, China
2
Department of Computer Science and Engineering, University of Bologna, 40126 Bologna, Italy
3
Autonomous Robotics Research Center, Technology Innovation Institute (TII), Abu Dhabi P.O. Box 9639, United Arab Emirates
4
Macao Polytechnic University, Macao SAR 999078, China
5
Samueli Computer Science Department, University of California, Los Angeles, CA 90095, USA
*
Author to whom correspondence should be addressed.
Appl. Sci. 2023, 13(18), 10192; https://doi.org/10.3390/app131810192
Submission received: 23 August 2023 / Revised: 6 September 2023 / Accepted: 8 September 2023 / Published: 11 September 2023

Abstract

An essential part of a city’s transportation infrastructure, taxis allow for regular encounters between drivers and customers. Nevertheless, there are issues with efficiency since there is an imbalance in the supply and demand for taxis. This study describes the creation of a platform that serves both customers and taxi drivers by offering immediate forecasts of demand and fare. Root mean squared error (RMSE) of 3.31 and a negative log-likelihood of −3.84, the long short-term memory recurrent neural network (LSTM-RNN) with the mixture density network (MDN) is employed to forecast taxi demand. The best RMSE of 3.24 is obtained for fare prediction via an ensemble learning model that integrates linear regression (LR), ridge regression (RR), and multilayer perceptron (MLP). To ensure peak performance, the models are systematically created, implemented, trained, and improved. By integrating these models into a web application interface, the taxi service system offers a better overall user experience, which improves urban mobility.
Keywords: taxi demand; taxi fare; LSTM-MDN; ensemble learning; intelligent transportation taxi demand; taxi fare; LSTM-MDN; ensemble learning; intelligent transportation

Share and Cite

MDPI and ACS Style

Chou, K.S.; Wong, K.L.; Zhang, B.; Aguiari, D.; Im, S.K.; Lam, C.T.; Tse, R.; Tang, S.-K.; Pau, G. Taxi Demand and Fare Prediction with Hybrid Models: Enhancing Efficiency and User Experience in City Transportation. Appl. Sci. 2023, 13, 10192. https://doi.org/10.3390/app131810192

AMA Style

Chou KS, Wong KL, Zhang B, Aguiari D, Im SK, Lam CT, Tse R, Tang S-K, Pau G. Taxi Demand and Fare Prediction with Hybrid Models: Enhancing Efficiency and User Experience in City Transportation. Applied Sciences. 2023; 13(18):10192. https://doi.org/10.3390/app131810192

Chicago/Turabian Style

Chou, Ka Seng, Kei Long Wong, Boliang Zhang, Davide Aguiari, Sio Kei Im, Chan Tong Lam, Rita Tse, Su-Kit Tang, and Giovanni Pau. 2023. "Taxi Demand and Fare Prediction with Hybrid Models: Enhancing Efficiency and User Experience in City Transportation" Applied Sciences 13, no. 18: 10192. https://doi.org/10.3390/app131810192

APA Style

Chou, K. S., Wong, K. L., Zhang, B., Aguiari, D., Im, S. K., Lam, C. T., Tse, R., Tang, S.-K., & Pau, G. (2023). Taxi Demand and Fare Prediction with Hybrid Models: Enhancing Efficiency and User Experience in City Transportation. Applied Sciences, 13(18), 10192. https://doi.org/10.3390/app131810192

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