MODEL-BASED SCORING OF COMPARABLE PROPERTIES BASED UPON THEIR APPROPRIATENESS FOR USE AS COMPARABLES FOR A SUBJECT PROPERTY
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United States of America Patent
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Issued Date -
May 23, 2013
app pub date -
Nov 18, 2011
filing date -
Nov 18, 2011
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Abstract
Automatically rating comparable properties by accessing property data and comparable assessment information, in which a regression is performed, on to model the relationship between the comparable-appropriateness of the property data and explanatory variables. A set of comparable-appropriateness values for each of the plurality of comparable properties based upon differences in the explanatory variables between the subject property and each of the plurality of comparable properties are chosen and an assessment is outputted.
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