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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.
About the Authors
M. Steven Kane is director of strategic development for RMVS/ValX. He has worked as a statistical analyst in a variety of fields and, for the past 10 years, has applied his experience to appraisal. He has written numerous articles and a seminar on appraisal valuation modeling and is the co-author of A Guide to Appraisal Valuation Modeling.
Mark R. Linne, MAI, is managing director of RMVS/ValX and has been very involved in the development of adaptive valuation technologies. He is active in the Appraisal Institute and the International Association of Assessing Officers and has served on the Colorado State Board of Assessment Appeals. He was the co-author of A Guide to Appraisal Valuation Modeling and has written many articles on statistical analysis and the future of appraising.
Jeffrey Johnson, MAI, is a principal with Integra Realty Resources in Minneapolis and an appraiser focusing on litigation matters. He has a master’s degree in mathematics and teaches statistical analysis at the University of St. Thomas. Mr. Johnson has written extensively for the Appraisal Institute and serves as chair of the Educational Publications Committee.