Presentation Category

04 APPRAISING PROPERTY

General Session Description

This presentation will apply the Monte Carlo Sampling Technique to show how resampling affects the results of the ratio studies when all other variables are held constant. In automated valuation modelling for real estate purposes, it is standard practice to define a hold-out or test sample to prevent model overfitting.

Audience Expertise

Advanced (Developed for the participant who has a thorough knowledge of the areas covered.)

Location

Room 107/109

Start Date

8-26-2024 3:00 PM

End Date

8-26-2024 4:00 PM

Moderator

Melissa Baer, CAE, CCMAII, Baer Consulting

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Aug 26th, 3:00 PM Aug 26th, 4:00 PM

The Monte Carlo Sampling Technique on Horizontal and Vertical Equity Measures

Room 107/109

This presentation will apply the Monte Carlo Sampling Technique to show how resampling affects the results of the ratio studies when all other variables are held constant. In automated valuation modelling for real estate purposes, it is standard practice to define a hold-out or test sample to prevent model overfitting.