How to Build a Better Automated Valuation Model (AVM)

Sid Som MBA MIM

ISBN 10: 1520116403 / ISBN 13: 9781520116402

Published by Independently published, 2016

About this Item

134 pages. 9.00x6.00x0.34 inches. In Stock.

Seller Inventory # zk1520116403

Bibliographic Details

• Title: How to Build a Better Automated Valuation Model (AVM)
• Publisher: Independently published
• Publication Date: 2016
• Language: English
• ISBN 10: 1520116403
• ISBN 13: 9781520116402
• Binding: Paperback
• Condition: Brand New

About this title

Synopsis

Uncertain about the intricacies of building an Automated Valuation Model (AVM)? This comprehensive guide empowers you to navigate the entire process. Across ten insightful chapters, you'll gain a solid understanding of the essential building blocks. Master the use of quantitative and categorical variables, confidently encode them for optimal analysis, and discover techniques to derive a truly representative sales sample. The book tackles common challenges: effective methods for adjusting sale prices to account for time value, the nuances of fixed and location surface areas, and correlation and multicollinearity to ensure model robustness.
Equipped with these skills, delve into regression modeling, residual analysis, and outlier identification using Z-scores. Fine-tune your model for peak performance and gain a thorough understanding of sales ratios. Finally, explore the crucial step of applying your AVM to holdout samples and the broader population, ensuring its accuracy and generalizability. "How to Build a Better AVM" equips you with the knowledge and tools to construct a powerful and reliable AVM, taking the guesswork out of property valuation.