An integrated regression analysis and time series model for construction tender price index forecasting
Ng, S.
An integrated regression analysis and time series model for construction tender price index forecasting - 2004 - Construction Management and Economics (22) June 2004, 483-493(11) .
Looks at how clients can be kept informed of their likely future financial commitments and cost implications as the project design evolves. Suggests this requires estimation of building cost based on historic cost data which is updated by a forecasted tender price index. The reliability of the estimates depends on accurate projections being obtained for the forthcoming quarters. However, prediction of such price movement requires accurate judgment of future market conditions, such as inflation. Analyses the use of an integrated regression analysis and time series model to aid prediction of future costs. Tables, diagrams, formulae, graphs and references.
COST ESTIMATES
TENDER PRICE FORECAST
TIME SERIES ANALYSIS
REGRESSION ANALYSIS
TENDER PRICE INDICES
BUILDING COST INDICES
An integrated regression analysis and time series model for construction tender price index forecasting - 2004 - Construction Management and Economics (22) June 2004, 483-493(11) .
Looks at how clients can be kept informed of their likely future financial commitments and cost implications as the project design evolves. Suggests this requires estimation of building cost based on historic cost data which is updated by a forecasted tender price index. The reliability of the estimates depends on accurate projections being obtained for the forthcoming quarters. However, prediction of such price movement requires accurate judgment of future market conditions, such as inflation. Analyses the use of an integrated regression analysis and time series model to aid prediction of future costs. Tables, diagrams, formulae, graphs and references.
COST ESTIMATES
TENDER PRICE FORECAST
TIME SERIES ANALYSIS
REGRESSION ANALYSIS
TENDER PRICE INDICES
BUILDING COST INDICES