The Methodology of Housing Value Assessment: An Analysis

William A. Donnelly
Additional contact information
William A. Donnelly: 7123-F Rolling Bend Road Baltimore, Maryland 21207-2340, http://www.fordham.edu/cba/main.asp

Journal of Real Estate Research, 1989, vol. 4, issue 2, 1-12

Abstract: The application of multiple regression analysis is illustrated as a means of addressing the goals of consistency and equity in assessment and in attaining the modeler's objective of parsimony. This is accomplished by presenting examples using data maintained by a local assessor's office. The issue of whether a linear model formulation suffices for such purposes is discussed, and the conclusion is that the extra time and effort required for nonlinear estimation may not provide sufficient improvement in predictive accuracy to warrant its application. The regression technique and the modeling strategy used to construct the forecast confidence interval can be implemented easily in an electronic spreadsheet on a microcomputer.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1989
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol04n02/v04p001.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:4:n:2:1989:p:1-12

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().