Method and apparatus for testing automated valuation models
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United States of America Patent
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Aug 16, 2011
Grant Date -
Jun 8, 2006
app pub date -
Dec 8, 2004
filing date -
Dec 8, 2004
priority date (Note) -
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Abstract
A method and apparatus for real time testing of automated valuation models using various indicators of accuracy. These indicators are then weighted according to their value as indicators of accuracy using individualized weighting factors or an equation. A ranking is then computed based upon the factors and their weights. This method is preformed continuously, so as to achieve real-time or periodically updated automated valuation model accuracy rankings.
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