Presentation Category
03 DEVELOPING AND MANAGING CADASTRAL DATA
Session Description
The accuracy of the cost approach for commercial properties is enhanced by utilizing both regression and GIS technology. Regression analysis provides insight into current market conditions of the comparable sales, while GIS can be employed to analyze geospatial influences.
Audience Expertise
Intermediate (Ideal for the participant with a general knowledge within the areas covered.)
Start Date
8-31-2021 9:30 AM
End Date
8-31-2021 10:30 AM
Improving Commercial Cost Market Models Utilizing Regression and GIS Technology
Grand Hall MN
The accuracy of the cost approach for commercial properties is enhanced by utilizing both regression and GIS technology. Regression analysis provides insight into current market conditions of the comparable sales, while GIS can be employed to analyze geospatial influences.
