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The Desharnais dataset contains eleven attributes. Three of these variables are suitable<br />

to the estimation of our models. First, as a measure of the software output we<br />

considered the adjusted functional points. The function-point method was proposed by<br />

Albrecht (1979) and is based on the functionality of the software rather than on its<br />

size in terms of lines of code. Most of the prior research efforts use functional points<br />

as the proxy for size. More recently, extensions of this methodology have been<br />

developed, as for example the object-point method (Sneed, 1996).<br />

Second, as proxy for the software development capital we chose the developers team<br />

experience, measured in years. As for some of the cases the value of this variable was<br />

equal to zero, we added 0.1 to all the observations in order to allow the log<br />

transformation. In our view, this attribute is a better proxy of the software<br />

development capital than others which are often used such as team size (see, e.g.,<br />

Pendharkar et al., 2008). It is not clear that a bigger team size leads to higher<br />

productivity because bigger teams may involve increased communication<br />

requirements, increased conflicts and increased project overhead activities (Banker<br />

and Kemerer, 1989).<br />

Finally, with regard to the the project effort, its measurement can be considered a<br />

challenging endeavor. The Project Management Institute (2008) defines the project<br />

effort metric as “the number of labor units required to complete an activity or other<br />

project element. This is usually expressed as staff hours, staff days, or staff weeks and<br />

should not be confused with duration”. So we measured project effort using the<br />

amount of person-hours needed to the completion of the project, as Desharnais dataset<br />

does not include the total cost in monetary units. A limitation of this, which is shared<br />

with the majority of the prior research efforts, is that our models do not take into<br />

account that the experience of the developers has an effect on the costs of the project.<br />

Wages of developers with more experience are generally higher.<br />

Table 1 contains some descriptive information on the studied variables.<br />

Table 1. Descriptive information<br />

Statistics Y (Software effort) x (team experience in z (adjusted functional<br />

years)<br />

points)<br />

Mean 4833.909 2.298 298.013<br />

Standard Deviation 4188.185 1.328 182.263<br />

Minimum 546 0 73<br />

Maximum 23940 4 1127<br />

Percentile 10 1093.4 1 116.8<br />

Percentile 25 2306.5 1 171<br />

Percentile 50 3542 2 258<br />

Percentile 75 5848.5 4 379.5<br />

Percentile 90 10733.8 4 523<br />

4. RESULTS<br />

Table 2 shows the estimation results. We provide parameter estimates and the<br />

accuracy measures explained above. It is noticeable that LL-CD and linear models<br />

show significant levels of heteroskedasticity, so robust standard errors are provided.<br />

~ 687 ~

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