Start Date
5-12-2024 1:15 PM
End Date
5-12-2024 2:15 PM
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. This presentation will shed more light on its implications.
Publication Date
December 2024
Recommended Citation
Hermans, Luc, "The Monte Carlo Sampling Technique on Horizontal and Vertical Equity Measures" (2024). International Research Symposium. 14.
https://researchexchange.iaao.org/irs/irs24/sessions/14
The Monte Carlo Sampling Technique on Horizontal and Vertical Equity Measures
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. This presentation will shed more light on its implications.
