Machine-learning-based prediction of construction project parameters
Abstract:
A computing platform is configured to: (i) at a first time, input data values for a first set of data variables associated with a given construction project into a first machine-learning model that functions to output a prediction of a first set of reference projects that are similar to the given construction project, (ii) based on historical data for the first set of reference projects, determine a predicted value for a parameter of the given construction project, (iii) at a second time, input data values for a second set of data variables associated with the given construction project into a second machine-learning model that functions to output a prediction of a second set of reference projects that are similar to the given construction project, and (iv) based on historical data for the second set of reference projects, determine an updated predicted value for the parameter of the given construction project.
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