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Education

Quantitative Analysis | Program Details

The new 35-hour Quantitative Analysis course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.

Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will receive the Full Price.
For more information on how to become a Candidate for Designation, click here.

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

Course Description

This course focuses on the practical application of quantitative tools for analyzing data, drawing appropriate conclusions from data sets, and presenting both the analysis and conclusions in ways that enhance communication with appraisal clients. It reviews and furthers the application of basic statistical measures (mean, median, mode, standard deviation, etc.) and spends a good deal of time on graphical and regression analysis.

Central goals of the course are showing participants how to understand the reliability and validity of data used to draw conclusions, providing the knowledge needed to support the conclusions others may draw from the same or similar datasets. Presentation and activities make extensive use of real-world appraisal applications and are aimed at furthering an appraiser’s ability to provide credible analysis of real property-related issues.

 Upon completion of the course, participants should be able to:

• Properly apply and explain statistical methods such as simple and multiple regression analysis using market information
• Understand and critique statistical applications
• Understand how to incorporate statistical analysis in valuation reports
• Understand how to evaluate the reliability of various types of data used in valuation
• Understand the language of quantitative analysis
• Use graphs to present data and analysis
• Understand research design issues such as hypothesis construction, data reliability and validity, and sampling issues

Required Textbook: An Introduction to Statistics for Appraisers

Program Overview
TOC [PDF]
Schedule [PDF]

Recommended Text
The Dictionary of Real Estate Appraisal, 5th ed.

Ordering Information
To order books and other materials go to
our store

Tuition
Please contact the sponsoring chapter for information on fees applicable to chapter programs.

Required

• Required Textbook: An Introduction to Statistics for Appraisers
• Laptops (recommend external mouse)
• Spreadsheet program: Excel 2010
• Calculator
• You must be familiar with basic Excel and calculator operation when the course begins. Answers to problems in course material are shown using Excel 2010. Do not come to class expecting to be taught how to use Excel.


Note to 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, see  
 2008:  http://answers.microsoft.com/en-us/mac/forum/macoffice2008-macexcel/what-happened-to-the-data-analysis-toolpak-or/7a9e9491-cb73-4496-ac06-3ada487c719a

2011: http://answers.microsoft.com/en-us/mac/forum/macoffice2011-macexcel/what-happened-to-the-data-analysis-toolpak-or/740ff33a-6ed9-4553-bc09-5cef06ce5f23

Appraisal Institute Hours
35 (2 online, 30 classroom, 3-hour exam)

To receive credit, participants must attend 100% of the program.

AI CE Credit for Designated Members and Candidates for Designation

NOTE: This course is approved in most states for CE; it is also AQB approved as a QE Certified General elective course. It is not a substitute for any of the other required Certified General courses.

Completing this advanced education course satisfies the Advanced Continuing Education (ACE) requirement for an MAI, SRPA, SREA, RM, or SRA Designated Member, general or residential Candidate for Designation and general or residential Practicing Affiliates. This course may not be repeated in any subsequent continuing education cycle unless it has been substantially revised, as determined by the Admissions and Designation Qualifications Committee.

This program is approved for 1.25 hours of Appraisal Institute CE credit for every hour taken.

For further information, please visit our Continuing Education Page for all members.

Prerequisites
Required:

Recommended:

Participants must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.


Who Should Enroll
General or Residential Associates working on their designations, MAIs or SRAs who want to further their statistics knowledge and skill base, residential or general certified appraisers, tax assessors, attorneys, bankers, review appraisers, market researchers.

Click Here for State Approvals


Class Schedule & Locations

07/08/2013 - 07/12/2013
Location: Edison, NJ
Click here for location details
Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: Jackson PhD, Thomas O., MAI
Register


09/23/2013 - 09/27/2013
Location: Aurora, CO
Click here for location details
Sponsor: Appraisal Institute
Contact: National Programs, (312) 335-4207
Instructor: Pending, Instructor
Register


10/08/2013 - 10/12/2013
Location: Sandy, UT
Click here for location details
Sponsor: Utah
Contact: Sheri Zaugg, (801) 294-6715
Instructor: Foltz, Kenneth G., MAI, SRA
Register


10/28/2013 - 11/02/2013
Location: Linthicum, MD
Click here for location details
Sponsor: Maryland
Contact: Tim McKenna, (410) 752-3318
Instructor: Spence, William D. Otto, MAI
Register


11/05/2013 - 11/09/2013
Location: Houston, TX
Click here for location details
Sponsor: Houston
Contact: Lori Wilkins, (713) 668-1757
Instructor: Wright, Larry T., MAI, SRA
Register


11/14/2013 - 11/19/2013, No Class on November 17th
Location: Ontario, CA
Click here for location details
Sponsor: Southern California
Contact: Lianna Chaparyan / Linda Zimmer, (818) 957-5111x20
Instructor: Foltz, Kenneth G., MAI, SRA
Register


11/18/2013 - 11/22/2013
Location: Nashville, TN
Click here for location details
Sponsor: Greater Tennessee
Contact: Myra Withers, (615) 515-9700
Instructor: Spence, William D. Otto, MAI & Hamilton PhD, Thomas W.
Register


12/09/2013 - 12/13/2013
Location: Kent, WA
Click here for location details
Sponsor: Seattle
Contact: Darcy Galvan, (206) 622-8425
Instructor: Hamilton PhD, Thomas W.
Register