I am using a cluster analysis methodology to compare all payitems which share similar quantities and unit prices are grouped together irrespective of location or date in which the bid took place. That said, the method provides perhaps a rudimentary way of differentiating between cost...
Hello,
I'm trying to develop a cost index for the purposes of estimating costs for construction projects. The data is run through a KMeans cluster analyzer I wrote in C++ / MS-Access.
The data I have has four essential components - the unit price of every contractor bid on every project...
