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A Continuation Of The Differentiation Of Transit Agencies And Their Funding In The United States, Hannah Stapp
A Continuation Of The Differentiation Of Transit Agencies And Their Funding In The United States, Hannah Stapp
Undergraduate Honors Thesis Projects
This paper explores the role of efficiency, and effectiveness, measured in relation to the differentiation of public transportation agencies operating in the United States with a bus mode. Data is gathered from the National Transit Database (NTD) from 2015-2019, at the agency level. A k-means clustering approach is used to determine how these ratios segment agencies in the market. After agencies are classified into three groups, a discriminant analysis is done to affirm the distinctiveness of the solution. Next, an Ordinary Least Squares (OLS) regression model is run each year to investigate whether or not the ratios used to form …