Analogy-based effort estimation: a new method to discover set of analogies from dataset characteristics

Analogy-based effort estimation (ABE) is one of the efficient methods for software effort estimation because of its outstanding performance and capability of handling noisy datasets. Conventional ABE models usually use the same number of analogies for all projects in the datasets in order to make good estimates. The authors´ claim is that using same number of analogies may produce overall best performance for the whole dataset but not necessarily best performance for each individual project. Therefore there is a need to better understand the dataset characteristics in order to discover the optimum set of analogies for each project rather than using a static k nearest projects. The authors propose a new technique based on bisecting k-medoids clustering algorithm to come up with the best set of analogies for each individual project before making the prediction. With bisecting k-medoids it is possible to better understand the dataset characteristic, and automatically find best set of analogies for each test project. Performance figures of the proposed estimation method are promising and better than those of other regular ABE models.