Multiple Regression Analysis SRM. Exam not included.
This workshop provides an understanding of the mechanics and application of multiple regression analysis (MRA) in property valuation; as well as instruction in gathering and qualifying data for MRA application. The workshop shows how to develop and use MRA equations as appraisal tools and how to evaluate; using measures of goodness of fit and variable importance; the results of an MRA based practical drill and demonstration problems; and how to follow step by step explanations of the MRA process. Although the workshop is open to anyone wishing to acquire a greater understanding of MRA as an appraisal tool; it is particularly valuable for those whose offices are considering using MRA valuation techniques or whose assessments are reviewed by a supervisory agency using MRA. An understanding of both the sales comparison approach and fundamental appraisal statistics is assumed.