Artificial neural network

Cost prediction, Professional Statement, 1st edition, published in November 2020 by the Royal Institution of Chartered Surveyors (RICS), defines an artificial neural network (ANN) as: ‘A computer system that is able to simulate the learning effect of the human brain, performing tasks involving incomplete data sets, fuzzy/incomplete information and for highly complex and ill-defined problems. For example, historical data can be used to train the ANN so that it ‘learns’ to predict costs.’

[edit] Related articles on Designing Buildings

• Artificial intelligence.
• Construction costs.
• Cost.
• Cost consultant.
• Cost control.
• Cost planning.
• Non-construction costs.
• NRM.
• Quantity surveyor.
• RICS.

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