“…The application of statistical methods as linear and non-linear regression, time series approaches, stochastic optimization and simulation results in empirical generalizations. These empirical generalizations result in models and approaches aiming to improve for example site selection (Pantouvakis and Manoliadis, 2008), cost estimation (Wang and Horner, 2007), project planning (Bonnal et al , 2005), production scheduling (Zhang et al , 2002;Benjaoran et al , 2005), forecasts of construction demand (Goh and Teo, 2000), forecasting construction labour demand (Rosenfeld and Warszawki, 1993) and cash flow forecasting (Kaka and Price, 1993).…”