Project cost estimation using principal component regression

@article{Chan2005ProjectCE,
 title={Project cost estimation using principal component regression},
 author={Swee Lean Chan and Moonseo Park},
 journal={Construction Management and Economics},
 year={2005},
 volume={23},
 pages={295 - 304},
 url={https://api.semanticscholar.org/CorpusID:109857737}
}
Factors affecting construction project cost include project‐specific factors and those reflecting the characteristics of the project team. Multiple regression is often used to estimate a project's cost, but independent variables with a high degree of correlation are likely be left out of such a model. As a result, only a limited number of factors are included in the estimate of project cost and predictions from such models will not be accurate. To overcome this technical inefficiency, the aims...

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