Cost Estimation Comparisons Between Least Square Regression and Quantile Regression on Fiber Reinforced Bridge Projects

Year 2016, Volume: 6 Issue: 4, 1293 - 1305, 28.12.2016

Ankith Reddy Pamulaparthy Robert C. Creese Hota V. Gangarao Majid Jarıdı

Abstract

This paper focuses on the Least Square (LS) regression using the mean and Quantile (M) regression analysis using median which is based on “well-Known” parametric estimation methodologies. Data from Oregon and California highway bridges were used for the comparison of the two methods. Relationships were developed to predict the unit cost of FRP repair work and FRP cost was found to have a high degree of correlation with FRP area for both Oregon and California. It was observed that the Cost Estimating Relationships (CERs) obtained by Quantile (M) regression method had the smaller Mean Absolute Deviation (MAD) values and lower Mean Absolute Percentage Error (MAPE) values than Least Square (LS) regression. The stuudy showed that Quantile Regression is much less sensitive to outliers than Least Squares Regression.

Keywords

Quantile regression, cost estimating relationships (cers), fiber reinforced polymer (frp) wraps, outliers

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