Table of Contents

BUSI 444 - Advanced Computer Assisted Mass Appraisal (BUSI 444)

UBC Real Estate Division. 2019. Advanced Computer Assisted Mass Appraisal. Vancouver, BC: UBC Real Estate Division.

  • PREFACE: A FRAMEWORK FOR VALUATION
    • Economic Analysis in Real Property Appraisal
    • Value in Appraisal
    • Summary

  • CHAPTER 1 - UNIVARIATE STATISTICAL ANALYSIS
    • Statistics, the Basics
    • Variables
    • The Normal Distribution
    • Sampling Theory
    • Statistical Inference
    • Summary

  • CHAPTER 2 - MULTIVARIATE ANALYSIS
    • Graphical Techniques
    • Correlation Coefficient
    • Crosstabulation Tables
    • Summary

  • CHAPTER 3 - MASS APPRAISAL MODEL BUILDING
    • Regression Analysis
    • General Model Types
    • General Model Structures
    • Model Specification
    • Determining Model Structures from Data Analysis
    • Summary

  • CHAPTER 4 - LAND VALUATION
    • Land Value Model
    • Location Analysis
    • Market Analysis in Land Valuation
    • Using Computers for Land Valuation
    • Agricultural Land
    • Administration
    • Summary

  • CHAPTER 5 - THE COST APPROACH
    • Methods of Estimating Costs
    • Cost Manuals
    • Estimating Accrued Depreciation
    • Summary

  • CHAPTER 6 - SPECIFYING AND CALIBRATING THE COST APPROACH
    • Specifying the Cost Approach
    • Calibrating Cost Models
    • Summary

  • CHAPTER 7 - THE DIRECT (SALES) COMPARISON APPROACH
    • Specifying the Direct Comparison Model
    • Calibrating the Direct Comparison Model
    • Applying the Model
    • Automated Comparable Selection
    • Summary

  • CHAPTER 8 - SPECIFYING DIRECT COMPARISON MODELS
    • Overview
    • Stratification and Location Analysis
    • Considerations by Property Types
    • Calibration Direct Comparison Models
    • Summary

  • CHAPTER 9 - IMPORTANT TOOLS FOR MODEL CALIBRATION
    • Multiple Regression Analysis
    • Adaptive Estimation Procedure
    • Location Value Response Surface Analysis
    • Appendix 9.1: Multistage Multiple Regression Analysis
    • Appendix 9.2: Artificial Neural Networks

  • CHAPTER 10 - SPECIFYING AND CALIBRATING THE INCOME APPROACH:
    EVALUATING AND UPDATING CAMA MODELS
    • Required Rates of Return (Discount Rate)
    • Why Invest in Income-Producing Real Estate?
    • Capitalization Methods
    • Specifying the Income Approach
    • Calibrating Income Models
    • Summary

  • CHAPTER 11 - MASS APPRAISAL PERFORMANCE EVALUATION: RATIO STUDIES
    • Evaluating the Performance of Mass Appraisal Models
    • Ratio Studies
    • Displaying and Graphing Ratio Data
    • Ratio Study Statistics
    • Ratio Study Standards
    • Performance Evaluation with Limited Sales
    • Public Relations in Ratio Studies
    • Summary

  • CHAPTER 12 - STATISTICAL PROCEDURES AND PERFORMANCE EVALUATION
    • Hypothesis Testing
    • Confidence Intervals
    • Testing the Normality of Ratio Data
    • Sample Size
    • Testing the Level of Appraisal
    • Testing For Equity Between Property Groups
    • Evaluating Performance For Unsold Properties
    • Updating Mass Appraisal Models
    • Summary

  • GLOSSARY
  • APPENDIX A: LIST OF SYMBOLS AND EQUATIONS
  • APPENDIX B: STATISTICAL TABLES