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Part of a programme of work to evaluate Arup and Oxera’s 2009 ‘Revisiting the elasticity based framework’ study. Its intention is to investigate:
how accurately the ‘revisiting’ framework is able to replicate actual rail demand, both using the revisiting market segmentation and the market segmentation outlined in the ‘Passenger demand forecasting handbook’ (PDFH)
how the accuracy of the revisiting framework compares to the accuracy of the PDFH forecasting framework