Short-Term Traffic Flow Prediction Based on Wavelet Analysis and XGBoost

Traffic flow prediction is of great significance for urban planning and alleviating traffic congestion. Due to the randomness and high volatility of urban road network short-term traffic flow, it is difficult for a single model to accurately estimate traffic flow and travel time. In order to obtain more ideal prediction accuracy, a combined prediction model based on wavelet decomposition and reconstruction (WDR) and the extreme gradient boosting (XGBoost) model is developed in this paper. Firstly, the Mallat algorithm is applied to perform multi-scale wavelet decomposition on the average travel time series of the original traffic data, and single branch reconstruction is performed on the components at each scale. Secondly, XGBoost is used to predict each reconstructed single-branch sequence, so as to obtain multiple sub-models, and the Bayesian algorithm is used to optimize the hyperparameters of the sub-models. Finally, the algebraic sum of the predicted values of all sub-models is used to obtain the overall traffic prediction result. To test the performance of the proposed model, actual traffic flow data has been collected from a certain link of the Brooklyn area in New York, USA. The performance of proposed WDR-XGBoost model has been compared with other existing machine learning models, e.g., support vector regression model (SVR) and single XGBoost model. Experimental findings demonstrated that the proposed WDR-XGBoost model performs better on multiple evaluation indicators and has significantly outperformed the other models in terms of accuracy and stability.