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Managing and analyzing the torrent of data available today can be a struggle, but technological tools and sophisticated analytical techniques have emerged to help appraisers meet this challenge. Practical Applications in Appraisal Valuation Modeling charts new territory and illustrates how the techniques of statistical analysis once used only in mass appraisal and in the classroom have real-world applications and may become an essential component of appraisal practice.
A resource for both valuation veterans and curious newcomers, this new book takes the reader through the analytical process step by step, from exploratory data analysis through linear regression modeling. The benefits and pitfalls of statistical modeling are examined and sample applications are demonstrated using the types of real estate situations and data appraisers commonly encounter.