After many years of client requests, we’re releasing the first cut of our StreetLight Volume: 2016 AADT Metric on the StreetLight InSight® platform. These beta Metrics provide a very robust estimate of 2016 Annual Average Daily Traffic (AADT) for almost any road in the US. To learn more, keep reading this blog post, or watch our recorded webinar on the new Metrics. Click here to watch the webinar.
We believe this Metric provides estimates that are comparable or better than most of the standard AADT estimation practices for three reasons:
Two of the questions we’re often asked here at StreetLight Data are: “What percentage of the population is creating the location records in your sample?" and "Does the location data in your sample fairly represent all income groups, or is it biased?” In this blog post, we’re pulling back the curtain on our internal evaluation process with a deep-dive analysis of our newest data source: Location-Based Services data. We started using this data source chiefly because of its large sample size and representativeness, so in this blog post, I will show you our process for determining these characteristics. (Click here to read more about Location-Based Services data in general.)
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Fehr & Peers has published an excellent and detailed project report here. They did all the work involved in the validation. We have merely summarized the results most relevant to StreetLight validation questions below.
"A Note from StreetLight: We are starting a series of blogs on the theme of "data validation." Since StreetLight measures behaviors that are generally hard to measure, it presents a challenge for validation (what's the baseline?). We are collecting cases where good baseline data is available and publishing our findings. If you have suggestions for future editions of the validation blog please get in touch! We're very glad to have a guest blogger, Dave Chipman from Men's Wearhouse, for our initial post. ~Laura Schewel, CEO of StreetLight
In a recent conversation with Max Sheets, VP of Real Estate at Freddy's Frozen Custard & Steakburgers, he explained how his perspective has changed during his more than 30 year career in the retail real estate business. Freddy’s, based in Wichita, KS, is a 12 year old fast-casual restaurant chain that has over 120 stores in more than 20 states and is growing rapidly.