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BIKE SHARING DEMAND PREDICTION
Name of the Student = SUJAL DUDVE

email-id =20bcs162@ietdavv.edu.in and mobile No = 7024663177
Computer science engineering department
Keywords: Bike Sharing, Demand Prediction, Regression Analysis, Data Science, Business Strategy
1. INTRODUCTION
Bike-sharing systems offer a sustainable and convenient mode of transportation, allowing individuals
to access bikes for short-term use. Amidst the COVID-19 pandemic, the demand for shared bikes has
fluctuated significantly, impacting the revenue of bike-sharing providers like BoomBikes. To navigate
this challenge, understanding the factors influencing bike demand is imperative. This project aims to
predict bike demand based on various variables, enabling BoomBikes to tailor its business strategy
post-lockdown. By analyzing historical data and employing predictive modeling techniques, this
project seeks to identify significant variables affecting bike demand and provide insights to optimize
service delivery.
2.Literature Survey
Existing literature on bike-sharing systems reveals various approaches to predicting demand and
optimizing operations. Studies have explored factors such as weather conditions, demographics, and
socio-economic factors in forecasting bike usage. Additionally, research on data-driven models,
including machine learning and regression analysis, has gained traction in predicting bike demand
accurately. However, gaps exist in understanding the nuanced interactions between different variables
and their impact on demand dynamics. This project aims to address these gaps by conducting a
comprehensive analysis of bike-sharing data and leveraging advanced modeling techniques to enhance
prediction accuracy.
3. PROBLEM DOMAIN
The primary problem is to predict the demand for shared bikes accurately post-lockdown. Key
objectives include identifying significant variables influencing bike demand, developing a predictive
model, and providing actionable insights to optimize service delivery and maximize revenue for
BoomBikes.
4. SOLUTION DOMAIN
we propose employing a comprehensive approach centered around leveraging machine learning
algorithms, particularly regression analysis. This methodology allows us to construct a sophisticated
model that elucidates the intricate relationship between bike demand and a multitude of independent
variables, including but not limited to weather conditions, day of the week, and holidays.
The first step involves meticulous preprocessing of the dataset, where we cleanse and transform the
raw data to ensure its quality and compatibility with the analysis. This entails tasks such as handling
missing values, normalizing variables, and encoding categorical features.
Next, through rigorous feature selection techniques, we identify the most pertinent variables that
significantly influence bike demand. This step is crucial for streamlining the model's complexity while
maximizing its predictive power.
Subsequently, utilizing historical bike usage data as our training dataset, we employ regression analysis
to construct a robust predictive model. By iteratively fine-tuning the model parameters and evaluating
its performance against validation data, we aim to achieve a high level of accuracy in forecasting bike
demand.
Once the model is trained and validated, it serves as a potent tool for BoomBikes to anticipate
fluctuations in demand with precision. Armed with this foresight, the company can adapt its
operational strategies dynamically, optimizing resource allocation, inventory management, and
marketing initiatives accordingly.
In essence, our solution empowers BoomBikes with actionable insights derived from advanced
analytics, enabling them to proactively respond to market dynamics and enhance operational
efficiency.
5 SYSTEM DOMAIN
The project will utilize Python programming language along with libraries such as pandas, scikit-learn,
and matplotlib for data preprocessing, modeling, and visualization. Jupyter Notebook will serve as the
development environment, providing an interactive platform for data analysis and model building. The
choice of Python and its associated libraries is justified by their versatility, efficiency, and extensive
support for machine learning tasks.
6 APPLICATION DOMAIN
The application of this work extends to bike-sharing providers, urban planners, and policymakers
seeking to optimize transportation systems and promote sustainable mobility. By accurately predicting
bike demand, stakeholders can better allocate resources, improve user experience, and encourage the
adoption of eco-friendly transportation alternatives.
7. EXPECTED OUTCOME
1 Development of a predictive model for bike demand estimation.
2 Identification of significant variables influencing bike demand.
3 Provision of actionable insights for optimizing operational strategies.
4 Enhancement of revenue generation and service efficiency for BoomBikes.
References :
[1] Faghih-Imani, Ahmadreza, et al. "Weather impacts on the use of shared bikes: a case study of
Melbourne." Transportation Research Part A: Policy and Practice, vol. 111, 2018, pp. 305-315.
[2] Ma, Weibin, et al. "Forecasting bike rental demand: a comparative study of machine learning
approaches." Sustainability, vol. 11, no. 22, 2019, pp. 6322.
[3] Shaheen, Susan, and Adam Cohen. "Shared micromobility: an updated literature review."
Transportation, vol. 47, no. 4, 2020, pp. 1901-1947.
[4] Guo, Xi, et al. "Dynamic prediction of bike-sharing system occupancy under spatial–temporal
constraints." Transportation Research Part C: Emerging Technologies, vol. 107, 2019, pp. 156-173.
[5] Liu, Weitiao, et al. "An improved hybrid model for bike-sharing demand prediction." Sustainability,
vol. 12, no. 9, 2020, pp. 3592.
[6] www.bike-sharing-company.com, "Annual Report 2023: Insights into Bike Sharing Industry Trends
and Challenges."
[7] Chen, Yu, et al. "Enhancing bike-sharing systems through machine learning: Challenges and
opportunities." Transportation Research Part C: Emerging Technologies, vol. 122, 2021, pp. 102933.
[8] Zhang, Xiaoxia, et al. "Bike-sharing system demand prediction using deep learning models."
Sustainability, vol. 13, no. 6, 2021, pp. 3077.
[9] Wang, Huibiao, et al. "Forecasting bike-sharing demand under spatio-temporal constraints using
long short-term memory neural networks." International Journal of Geographical Information Science,
vol. 35, no. 6, 2021, pp. 1119-1140.
[10] Xiong, Lixuan, et al. "Predicting the spatial distribution of shared bikes: A case study of Chicago."
Transportation Research Part D: Transport and Environment, vol. 107, 2021, pp. 102601.

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BIKE SHARING DEMAND PREDICTION

Name of the Student = SUJAL DUDVE

Computer science engineering department

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