Modelling the Price Forecast for Construction Steel: A Case Study in EPC Company

The EPC (Engineering Procurement Construction) industry is one of the most dynamic industries. problems faced are related to market conditions that often change, short construction periods, and fluctuations in material prices difficult predict. This requires an appropriate forecasting model, which can predict pattern price movements anticipate occurrence future. research aims get best during project tender process. study model iron future by considering historical data, value foreign exchange rates, billets as raw materials for iron. procedure used nonparametric, involves several statistical tests such cross-correlation, linearity, error assessment. results this be a firm reference iron, makes it easier management determine accurate competitive value.