Fast Data Science

https://fastdatascience.com/ai-for-business/predict-cost-of-projects/

How can we predict the cost of a project with AI?

There are two approaches: bottom up costing (also called activity based costing), and top down or reference class forecasting. Reference class forecasting involves looking for analogous projects in the past and using them to make a sensible estimate of the cost of the future project.

We've been exploring the role AI can play in both of these contrasting forecasting techniques.

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