• DocumentCode
    3458367
  • Title

    Combination Forecasting Model of Project Cost Based on SPSS

  • Author

    Rui Liu ; Yuqing Zhang

  • Author_Institution
    Sch. of Bus. Adm., North China Electr. Power Univ., Beijing
  • fYear
    2008
  • fDate
    12-14 Oct. 2008
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    Cost estimation plays a significant role in bidding. However, the construction project cost does not remain constant for it is always influenced by various factors. On the basis of three kinds of usual forecasting models and SPSS software, this paper established a combination forecasting model to estimate the cost. The error check results indicated that the model does well in making an accurate forecasting.
  • Keywords
    construction industry; costing; exponential distribution; grey systems; project management; regression analysis; construction project cost; cost estimation; cubic exponential smoothing method; forecasting models; grey metabolism; regression equation; Biochemistry; Building materials; Costs; Economic forecasting; Environmental management; Equations; Machinery; Predictive models; Smoothing methods; Stability;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
  • Conference_Location
    Dalian
  • Print_ISBN
    978-1-4244-2107-7
  • Electronic_ISBN
    978-1-4244-2108-4
  • Type

    conf

  • DOI
    10.1109/WiCom.2008.1797
  • Filename
    4679986
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=3458367