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Business Analytics for Ride-Hailing Platforms: Demand Forecasting and Ride-Completion Modeling
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Digital ride-hailing platforms operate in dynamic environments characterized by fluctuating demand and variable user behavior. Business analytics plays a key role in supporting data-driven decision-making and operational planning in such systems. This study examines the application of descriptive and predictive analytics to analyze ride demand and ride completion behavior on a digital transportation platform. The empirical analysis is based on a dataset containing ride-level and user-related information. Descriptive analytics is used to preprocess the data, generate summary statistics, and identify temporal demand patterns. Predictive analytics is applied to forecast short-term ride demand using time-series methods and to model ride completion as a binary outcome using logistic regression. The results indicate that ride demand exhibits recurring temporal patterns suitable for short-horizon forecasting, with exponential smoothing achieving improved accuracy compared to a naïve approach. In addition, waiting time is identified as a key factor influencing ride completion probability. The findings demonstrate that business analytics can support proactive demand management, improved resource allocation, and enhanced understanding of user behavior in ride-hailing services.
Research Center for Business and Decision Analytics
Title: Business Analytics for Ride-Hailing Platforms: Demand Forecasting and Ride-Completion Modeling
Description:
Digital ride-hailing platforms operate in dynamic environments characterized by fluctuating demand and variable user behavior.
Business analytics plays a key role in supporting data-driven decision-making and operational planning in such systems.
This study examines the application of descriptive and predictive analytics to analyze ride demand and ride completion behavior on a digital transportation platform.
The empirical analysis is based on a dataset containing ride-level and user-related information.
Descriptive analytics is used to preprocess the data, generate summary statistics, and identify temporal demand patterns.
Predictive analytics is applied to forecast short-term ride demand using time-series methods and to model ride completion as a binary outcome using logistic regression.
The results indicate that ride demand exhibits recurring temporal patterns suitable for short-horizon forecasting, with exponential smoothing achieving improved accuracy compared to a naïve approach.
In addition, waiting time is identified as a key factor influencing ride completion probability.
The findings demonstrate that business analytics can support proactive demand management, improved resource allocation, and enhanced understanding of user behavior in ride-hailing services.
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