Construction Price Index Prediction through ARMA with Inflation Effect: Case of Thailand Construction Industry

Construction Price Index Prediction through ARMA with Inflation Effect: Case of Thailand Construction Industry

Over-budgeting due to inflation is a common phenomenon in the construction industry of both developed and developing countries. Inflation, with time changes, leaves an adverse effect on the project budget. Hence, this study aims to focus on the construction price index (CPI) behavior and inspect its...

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Bibliographic Details
Main Authors: Ahsen Maqsoom, Lapyote Prasittisopin, Muhammad Ali Musarat, Fahim Ullah, Fahad K. Alqahtani
Format: Article
Language:English
Published: MDPI AG 2024-04-01
Series:Buildings
Subjects:
budget
construction price index
cost overrun
inflation
construction projects
prediction
Online Access:https://www.mdpi.com/2075-5309/14/5/1243

Internet

https://www.mdpi.com/2075-5309/14/5/1243

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