PURPOSES : This study analyzes the estimated traffic volumes on roads and railways based on econometrics. METHODS : The accuracy of traffic forecasting was analyzed based on the average difference between predicted and actual values. This study distinguishes itself from existing literature by conducting a comparative analysis categorized by project type. In this study, econometric analyses, including bias and efficiency evaluation, were conducted for 308 projects in Korea. RESULTS : We conducted econometric analysis by dividing the data into project types. This study examines the accuracy of estimates in South Korea's road and railway projects concerning various factors, including project types (mobility-focused or accessibility-focused), implementing agencies, and the performance of preliminary feasibility studies. Notably, it identifies a tendency for overestimation, particularly in railway projects and mobility-focused road projects, such as expressways and national highways, as well as in projects executed by local governments. The mean percentage error (MPE) for the analyzed projects was -46.62%, indicating a significant overestimation bias with resulting inefficiencies. However, our analysis revealed that road projects, particularly those accompanied by preliminary feasibility studies and implemented by the central government, exhibited reduced bias and improved efficiency. The presence or absence of preliminary feasibility studies significantly influenced estimation bias. Interestingly, even when preliminary feasibility studies are conducted, the choice of the implementing agency remains a crucial factor affecting estimation bias. In addition, railway projects continue to demonstrate a notable overestimation bias, warranting further attention. CONCLUSIONS : Considering bias, efficiency, and MPE is advisable when forecasting traffic.

This study analyzed future projections on daily mean values and extremes for temperature and daily precipitation over Seoul metropolitan city using bias-corrected high-resolution multi-regional climate models. The factors of uncertainty for the future projection of climate variables were defined. In the time series analysis of future projections for regional climate models, the average daily temperature and the number of days of the hot day-hot night were predicted to have a stable trend in the RCP2.6 scenario, and showed a tendency to increase continuously in the RCP8.5 scenario. The daily mean precipitation and RX1day (annual daily maximum precipitation) had large annual variabilities in the models. In the estimation of the fraction of total variance, the daily mean temperature was dominated by the internal variability in the early 21st century and the most contributing to the scenario uncertainty in the late 21st century. The daily mean precipitation showed a remarkable contribution from the internal variability over the entire period. The number of days of the hot day-hot night showed a similar contribution pattern to that of the daily mean temperature. For the RX1day, the internal variability dominated over the entire period, and the scenario uncertainty had little contribution. This study will help establish more scientific climate change adaptation policies by providing the uncertainty information for future climate change projection.

In this study, uncertainty ranges for bias-corrected temperature and precipitation in seven metro-cities were estimated using nine GCM-RCM Matrix, and climate changes were predicted based on the corrected temperature and precipitation. During the present climate (1981-2005), both uncertainties for annual temperature and precipitation and differences in regional uncertainties were reduced by bias correction methods. Model’s systematic errors such as cold bias of surface air temperature and underestimated precipitation during the second-Changma period were improved by a bias correction method. Uncertainties of annual variations for bias corrected temperature and precipitation were also decrease. Furthermore, not only mean values but also extreme values were improved by bias correction methods. During the future climate (2021-2050), differences in temperature and precipitation between two RCP scenarios (RCP4.5/8.5) were not quite large. Temperature had an obvious increasing tendency, while future precipitation did not change significantly compared to present one in terms of mean values. Uncertainties for future biascorrected temperature and precipitation were also reduced. In mid-21st centuries, models prospected that mean temperature increased thus lower extremes associated with cold wave decreased and upper extremes associated with heat wave increased. Models also predicted that variations of future precipitation increased thus the frequency and intensity of extreme precipitation increased.