ABSTRACT
Forecast is an effort to foresee and anticipate developments in the future. It is a complex procedure that must take into account the expectations and tendencies of the society in question, the situation in the industry, economic and political factors, human fears and the psychology of the human being. Forecast of future demand is a prerequisite for many railway activities, such as:
construction of a new railway line (or station), opening (or closing) of a new railway service (e.g. high-speed services, commuter services, etc.), buying of rolling stock vehicles, programming of the necessary staff in trains and stations, revenue estimation, commercial and pricing policy, management strategies.
