Research on Applying Gray GM(1,1)Model in Construction Project Cost Forecasting

DOI

10.2991/iceep-16.2016.151How to use a DOI?

Keywords

Gray GM(1,1) Model; Accuracy Test; Construction Project Cost Forecasting

Abstract

On basis of doing a systemic review and summarization to various construction project cost forecasting methods and their respective characteristics, this paper analyzes the applicability of GM(1,1) forecasting model used in project cost forecasting, and introduces the method briefly and comprehensively. By example study this paper displays how to use the method in actual project cost forecasting, and gray system prediction model with advantages of a small sample and high-accuracy is fully exhibited.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jing Wang
AU  - Zhenghui Chen
PY  - 2016/11
DA  - 2016/11
TI  - Research on Applying Gray GM(1,1)Model in Construction Project Cost Forecasting
BT  - Proceedings of the 2016 5th International Conference on Energy and Environmental Protection (ICEEP 2016)
PB  - Atlantis Press
SP  - 869
EP  - 873
SN  - 2352-5401
UR  - https://doi.org/10.2991/iceep-16.2016.151
DO  - 10.2991/iceep-16.2016.151
ID  - Wang2016/11
ER  -