Application & Interpretation of Simple Linear Regression

Some AI educational programs may not be approved in every state.

Students should check state approvals prior to registering for any Appraisal Institute program.

To register for this program, go to the bottom of the page.



Who should enroll
  • General or residential Candidates for Designation who are working on their designations 
  • MAIs or SRAs who want to further their statistics knowledge and skill base
  • Certified general or residential real property appraisers
  • Tax assessors
  • Attorneys
  • Bankers
  • Review appraisers
  • Market researchers
Description This two-day course is designed for appraisal professionals who want to use Microsoft® Excel in applying statistical methods to valuation problems. The course employs Excel’s data analysis add-in and charting capabilities to assist in developing descriptive statistics and in using simple linear regression analysis to estimate linear relationships between two variables. Topics include descriptive statistics, charts and tables, an introduction to simple linear regression, assumptions underlying application of linear regression modeling, nonlinear curve fitting, prediction and forecasting, data sufficiency, and separation of pooled data by submarket. Participants will be engaged in hands-on learning, discovering and applying basic statistical methods to data sets custom built to illustrate each session’s objectives in a valuation context. This course will help participants gain a solid understanding of simple linear regression analysis and be prepared for more advanced multiple linear regression study.

 

This course is in the Analytics for Valuation Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.

Objectives
  • Understand and validate the assumptions underlying linear regression analysis.
  • Develop credible estimates of outcome variable values and associated confidence intervals.
  • Interpret Excel’s linear regression outputs.
  • Transform nonlinear relations into linear equivalents for analysis.
  • Develop forecasts from time-series data.
Prerequisites


Refer to this page for details of state approval hours for this course.

  • Attended Only:

    150
  • Attended Only:

    150
  • Attended Only:

    150
  • Attend and Pass Exam:

    200
  • Attend and Pass Exam:

    200
  • Attend and Pass Exam:

    200
14 hours
Yes. After you register for this class, please go to your Education and Events page for
details on what you must complete BEFORE class begins.
 
To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My
AI Account” from the drop-down menu).
Yes
1
Intermediate
  • A laptop computer is required.
  • Microsoft Excel 2010 or later must be loaded and operational. If you do not have Excel, you may download a free trial at http://office.microsoft.com/en-us/try/. Please note that this links to the latest version of Excel. There may be minor differences between versions. 
  • Solver Add-In and Analysis Tool Pak must be installed prior to class.
  • Note to Apple Mac Users: Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2008 or Mac Office Excel 2011. However, they do suggest free third-party add-ins with similar functionality. For more information, click here.
  • A regular-function or financial calculator is required for the exam.
N/A
  • A laptop computer is required.
  • Microsoft Excel 2010 or later must be loaded and operational. If you do not have Excel, you may download a free trial at http://office.microsoft.com/en-us/try/. Please note that this links to the latest version of Excel. There may be minor differences between versions. 
  • Solver Add-In and Analysis Tool Pak must be installed prior to class.
  • Note to Apple Mac Users: Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2008 or Mac Office Excel 2011. However, they do suggest free third-party add-ins with similar functionality. For more information, click here.
  • A regular-function or financial calculator is required for the exam.
None specified Online Requirements Synchronous Requirements

When participants receive their registration e-mail confirmation, a secure link will be available where they will be instructed to download Excel files to use for in-class exercises. Be sure to download these files prior to coming to class.

You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.



This course allows the option to test out of the course. Click to Challenge examination.


NOTE: States DO NOT  provide credit for challenge examinations.

Classroom Offerings

No offerings at this time

Synchronous Offerings

No offerings at this time