“…Specifically, traffic forecasting is essentially the prediction of these basic parameters based on dynamic road traffic time series data. For instance, most of literature foucs on traffc flow forecasting (Jiang & Adeli, 2004;Qiao et al, 2001;Abdulhai et al, 1999;Castillo et al, 2008;Chen & Chen, 2007;Dimitriou et al, 2008;Ding et al, 2002;Huang & Sadek, 2009;Ghosh et al, 2005Ghosh et al, , 2007Smith et al, 2002), travel time forecasting, and related analysis such as validation, optimization, etc. (Chan et al, 2003;Chang et al, 2010;Kwon, 2000;Kwon & Petty, 2005;Lam, 2008;Lam et al, 2002Lam et al, , 2008Lam & Chan, 2004;Lee et al 2009;Nath et al, 2010;Schadschneider et al, 2005;Tam & Lam, 2009;Tang & Lam, 2001;Yang et al, 2010).…”