The development of construction estimation of road projects in Manila City using Multiple Linear Regression with machine learning algorithm /

By: Ancheta, Jherimae, Lazo, Primo Ivan, Medina, Llovelyn
Language: English Manila: PLM, c2022Description: . Undergraduate Thesis: (Bachelor of Science in Information Technology) - Pamantasan ng Lungsod ng Maynila, 2023Content type: text Media type: unmediated Carrier type: volumeGenre/Form: academic writingDDC classification: . LOC classification: T58.6 An3 2022
Contents:
ABSTRACT: Estimatingf cost in construction is important to the city’s design and planning management hence, costg estimate must not be overpriced which may cause corruption or underpricing that leads to unreliable or low-quality road projects. The total estimated cost is only valid in the same year it was proposed because of the inflation rate the costs may change. The researchers applied Multiple Linear Regression technique in predicting total estimated cost for road construction analysis. The model is evaluated by the means of R-squared to determine the variables if they are correlated or overfitting. The calculated R-squared is equal to 0.696598 with the predictor variables (x1 & x2) Roadbed width and Net length and it means that the predictors (Xi) explain 69.7% of the variance of Y. The higher the R-squared result, the better fit it is for the Multiple Linear Regression model. It also shows that X1 and X2 are significant predictor variables. The coefficient of multiple correlation (R) is equals to 0.834624 and it means that there is a very strong correlation between the predicted data and the observed data whereas the dependent variable (y) is the Estimated cost.
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ABSTRACT: Estimatingf cost in construction is important to the city’s design and planning management hence, costg estimate must not be overpriced which may cause corruption or underpricing that leads to unreliable or low-quality road projects. The total estimated cost is only valid in the same year it was proposed because of the inflation rate the costs may change. The researchers applied Multiple Linear Regression technique in predicting total estimated cost for road construction analysis. The model is evaluated by the means of R-squared to determine the variables if they are correlated or overfitting. The calculated R-squared is equal to 0.696598 with the predictor variables (x1 & x2) Roadbed width and Net length and it means that the predictors (Xi) explain 69.7% of the variance of Y. The higher the R-squared result, the better fit it is for the Multiple Linear Regression model. It also shows that X1 and X2 are significant predictor variables. The coefficient of multiple correlation (R) is equals to 0.834624 and it means that there is a very strong correlation between the predicted data and the observed data whereas the dependent variable (y) is the Estimated cost.

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