Multi-Objective Software Effort Estimation

We introduce a bi-objective effort estimation algorithm that combines Con fidence Interval Analysis and assessment of Mean Absolute Error. We evaluate our proposed algorithm on three different alternative formulations, baseline comparators and current state-of-the-art effort estimators applied to five real-world datasets from the PROMISE repository, involving 724 different software projects in total. The results reveal that our algorithm outperforms the baseline, state-of-the-art and all three alternative formulations, statistically significantly (p < 0.001) and with large effect size (<(A)over cap>(12) >= 0.9) over all five datasets. We also provide evidence that our algorithm creates a new state-of-the-art, which lies within currently claimed industrial human-expert-based thresholds, thereby demonstrating that our findings have actionable conclusions for practicing software engineers.