Software development cost estimation using wavelet neural networks

Software development has become an essential investment for many organizations. Software engineering practitioners have become more and more concerned about accurately predicting the cost and quality of software product under development. Accurate estimates are desired but no model has proved to be successful at effectively and consistently predicting software development cost. In this paper, we propose the use of wavelet neural network (WNN) to forecast the software development effort. We used two types of WNN with Morlet function and Gaussian function as transfer function and also proposed threshold acceptance training algorithm for wavelet neural network (TAWNN). The effectiveness of the WNN variants is compared with other techniques such as multilayer perceptron (MLP), radial basis function network (RBFN), multiple linear regression (MLR), dynamic evolving neuro-fuzzy inference system (DENFIS) and support vector machine (SVM) in terms of the error measure which is mean magnitude relative error (MMRE) obtained on Canadian financial (CF) dataset and IBM data processing services (IBMDPS) dataset. Based on the experiments conducted, it is observed that the WNN-Morlet for CF dataset and WNN-Gaussian for IBMDPS outperformed all the other techniques. Also, TAWNN outperformed all other techniques except WNN.