Milestone Markets: Software Cost Estimation through Market Trading

  title={Milestone Markets: Software Cost Estimation through Market Trading},
  author={Donald J. Berndt and Joni L. Jones and Dezon K Finch},
  journal={Proceedings of the 39th Annual Hawaii International Conference on System Sciences (HICSS'06)},
Software cost estimation remains a difficult challenge despite decades of attention by both researchers and practitioners. Predictions are often inaccurate and characterized by very wide confidence intervals. Direct approaches base "expert" estimates on detailed requirements, along with the experience and intuition of the estimator. The Delphi method seeks a consensus estimate among a group of expert estimators. Still other approaches use historical project data to fit estimation models, such… CONTINUE READING


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