The statistical nature of data traffic and the dynamic routing techniques employed in IP networks results in a varying network delay (jitter) experienced by the individual IP packets which form a VoIP flow. As a result voice packets generated at successive and periodic intervals at a source will typically be buffered at the receiver prior to playback in order to smooth out the jitter. However, the additional delay introduced by the playout buffer degrades the quality of service. Thus, the ability to forecast the jitter is an integral part of selecting an appropriate buffer size. This paper compares several neural network based models for adaptive playout buffer selection and in particular a novel combined wavelet transform/neural network approach is proposed. The effectiveness of these algorithms is evaluated using recorded VoIP traces by comparing the buffering delay and the packet loss ratios for each technique. In addition, an output speech signal is reconstructed based on the packet loss information for each algorithm and the perceptual quality of the speech is then estimated using the PESQ MOS algorithm. Simulation results indicate that proposed Haar-wavelets-packet MLP and statistical-model MLP adaptive scheduling schemes offer superior performance.