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Predicting City-Level Construction Cost Index Using Linear Forecasting Models
Publisher: ASCE
Abstract: Because of the importance of budget planning and contract bidding, accurate prediction of future movements of the construction cost index (CCI) has been a crucial part of construction cost management. Despite the fact that ...
Improving Accuracy in Predicting City-Level Construction Cost Indices by Combining Linear ARIMA and Nonlinear ANNs
Publisher: ASCE
Abstract: Accurate cost forecasting in budget planning and contract bidding is crucial for the success of construction projects. Linear models such as the autoregressive integrated moving average (ARIMA) and nonlinear models such ...