Valuation of housing, Mass appraisal techniques, Valuation approaches, MRA in assessment
This report describes the results of three citywide multiple regression models, developed for single-family homes in the City of Calgary: an additive, a multiplicative, and a nonlinear (hybrid) model. The purpose of the project was to compare results from the three approaches to help determine which would provide better accuracy and uniformity in the city’s future valuation efforts. All three methods produced good results and demonstrated certain advantages. The paper compares and evaluates the relative merits of each approach.
This article is based on a presentation at the 6th annual Integrating GIS & CAMA Conference in April 2002.
Gloudemans, Robert J.
"Comparison of three residential regression models: Additive, multiplicative, and nonlinear,"
Assessment Journal: Vol. 9
, Article 2.
Available at: https://researchexchange.iaao.org/assessment_journal/vol9/iss4/2