Combination forecasting method for development cost of aircraft

  • Wei Ning Cai*
  • , Wei Guo Fang
  • *Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

To address the problems of scarce sample data, complex influence factors and low forecasting quality of a single prediction method in predicting the aircraft development costs, a combination forecasting method is adopted. Based on the sample data, the radial basis function (RBF) artificial neural network, Gram-Schmidt regression and partial least squares regression (PLSR) are combined to construct the combination forecasting model, which is also compared with the single prediction method. The results show that the combination forecasting method has satisfactory and stable prediction accuracy, and it can reduce the quality risk of the single prediction method, so it is a reliable and effective method for aircraft development costs prediction.

Original languageEnglish
Pages (from-to)1573-1579
Number of pages7
JournalXi Tong Gong Cheng Yu Dian Zi Ji Shu/Systems Engineering and Electronics
Volume36
Issue number8
DOIs
StatePublished - 1 Aug 2014

Keywords

  • Aircraft
  • Combination forecasting
  • Cost prediction
  • Development cost

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