Study on Forecast of Tianjin Construction Cost Indices Based on ARIMA Model

Fei-peng Li () and Hong-li Wang
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Fei-peng Li: Tianjin University
Hong-li Wang: Tianjin University

Chapter Chapter 67 in Proceedings of 2012 3rd International Asia Conference on Industrial Engineering and Management Innovation (IEMI2012), 2013, pp 675-683 from Springer

Abstract: Abstract Present status of research on construction cost indices was discussed and the methods of cost indices were analyzed. Based on multiplicative model of economic data time series, the cost index was decomposed into seasonal factor, trend-cycle factor and irregular component. The ARIMA model was established to fit the data of the construction cost indices of Tianjin from 2007 to 2011 and the fitting and predicting result shows that performance of the ARIMA model was satisfied.

Keywords: Cost indices; Time series; ARIMA; Forecast (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-33012-4_67

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DOI: 10.1007/978-3-642-33012-4_67

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