Residential buildings conceptual cost estimates with the use of support vector regression

Abstract

Cost analyses, and the conceptual cost estimates among them, are of the key importance for the construction projects successes. Implementation of neural networks or machine learning methods provides broad possibilities for this specific type of cost. The aim of the paper is to present some results of the studies on the use of support vector regression as a machine learning tool for conceptual cost estimates of residential buildings. Results for three models based on support vector regression and radial basis kernel functions are introduced.