Understanding the mechanisms responsible for the emergence and evolution of oscillations in traffic flow has been subject to intensive research by the traffic flow theory community. In our previous work, we proposed a new mechanism to explain the generation of traffic oscillations: traffic instability caused by the competition between speed adaptation and the cumulative effect of stochastic factors. In this paper, by conducting a closer examination of car following data obtained in a 25-car platoon experiment, we discovered that the speed difference plays a more important role on car-following dynamics than the spacing, and when its amplitude is small, the growth of oscillations is mainly determined by the stochastic factors that follow the mean reversion process; when its amplitude increases, the growth of the oscillations is determined by the competition between the stochastic factors and the speed difference. An explanation is then provided, based on the above findings, to why the speed variance in the oscillatory traffic grows in a concave way along the platoon. Finally, we proposed a mode-switching stochastic car-following model that incorporates the speed adaptation and spacing indifference behaviors of drivers, which captures the observed characteristics of oscillation and discharge rate. Sensitivity analysis shows that reaction delay only has slight effect but indifference region boundary has significant on oscillation growth rate and discharge rate.
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