A Survey on Modern Deep Neural Network for Traffic Prediction: Trends, Methods and Challenges

In this modern era, traffic congestion has become a major source of severe negative economic and environmental impact for urban areas worldwide. One of the most efficient ways to mitigate traffic congestion is through future traffic prediction. The research field of traffic prediction has evolved greatly ever since its inception in the late 70s. Earlier studies mainly use classical statistical models such as ARIMA and its variants. Recently, researchers have started to focus on machine learning models because of their power and flexibility. As theoretical and technological advances emerge, we enter the era of deep neural network, which gained popularity due to its sheer prediction power which can be attributed to the complex and deep structure. Despite the popularity of deep neural network models in the field of traffic prediction, literature surveys of such methods are rare. In this work, we present an up-to-date survey of deep neural network for traffic prediction. We will provide a detailed explanation of popular deep neural network architectures commonly used in the traffic flow prediction literatures, categorize and describe the literatures themselves, present an overview of the commonalities and differences among different works, and finally provide a discussion regarding the challenges and future directions for this field.