Provides the attendees with an understanding of how multiple regression analysis is used in mass appraisal, highlighting the model specification and calibration process. The topics covered include defining a model, overview of multiple regression analysis, data transformations, various types of model calibration and key regression statistics and an overview of additive, multiplicative and nonlinear models
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Provides an understanding of how to measure model results and ensure consistent and equitable predictions. Topics include purpose and role of ratio studies, determining the level of appraisal, horizontal equity, vertical equity, international standards, and sample vs population – issues to avoid.
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