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