Response Errors in Estimating the Value of Homes

Response Errors in Estimating the Value of Homes PDF Author:
Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 0

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Response Errors in Estimating the Value of Homes

Response Errors in Estimating the Value of Homes PDF Author:
Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 0

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Book Description


Response Errors in Estimating the Value of Homes

Response Errors in Estimating the Value of Homes PDF Author: Leslie Kish
Publisher:
ISBN:
Category : Error analysis (Mathematics)
Languages : en
Pages : 19

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In the 1950 Survey of Consumer Finances home owners were asked to estimate the market value of their houses. Estimates for these same homes were later made by professional appraisers. These two estimates for each of 568 homes comprise the data analyzed here. The proportion of discrepancies between the two estimates is great: only 37 per cent of the estimates by respondents are within plus or minus 10 per cent of the appraisers' estimates. However, the errors tend to be offsetting, and in none of the ten price classes used is the difference in the relative frequencies for owners and appraisers statistically significant. Similarly, although the root-mean-square difference between the two measurements is high (an average of $3,100), the mean of the respondents' estimates is only $350 higher than the mean of $9,200 for the appraisers' estimates. The amount of variability is found to be rather similar for several sub-populations. However, for houses worth over $10,000 the mean-square difference between the measurements is found to increase with the value of the home. In the Appendix a model is developed for the statistical investigation of the data.

The Accuracy of Home Owners' Estimates of House Value

The Accuracy of Home Owners' Estimates of House Value PDF Author: John L. Goodman
Publisher:
ISBN:
Category :
Languages : en
Pages : 48

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Journal of the American Statistical Association

Journal of the American Statistical Association PDF Author:
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 1748

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Current Housing Reports

Current Housing Reports PDF Author:
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 304

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Journal of Comparative Economics

Journal of Comparative Economics PDF Author: Association for Comparative Economic Studies
Publisher:
ISBN:
Category :
Languages : en
Pages : 428

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Accuracy of Data for Selected Housing Characteristics as Measured by Reinterviews

Accuracy of Data for Selected Housing Characteristics as Measured by Reinterviews PDF Author: United States. Bureau of the Census
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 114

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Cost and Assessment Guide: Best Practices for Estimating and Managing Program Costs

Cost and Assessment Guide: Best Practices for Estimating and Managing Program Costs PDF Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 1428989013
Category : Business & Economics
Languages : en
Pages : 440

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Book Description
Contents: Characteristics of Credible Cost Estimates & a Reliable Process for Creating Them; Why Cost Estimates Are Required for Gov¿t. Programs & Challenges in Developing Results; Criteria for Cost Estimating, EVM, & Data Reliability; Cost Analysis Overview; The Cost Estimate¿s Purpose, Scope, & Schedule; The Cost Assessment Team; Technical Baseline Description; Work Breakdown Structure; Ground Rules & Assumptions; Data; Developing a Point Estimate; Estimating Software Costs; Sensitivity Analysis; Cost Risk & Uncertainty; Validating the Estimate; Documenting the Estimate; Presenting the Estimate to Mgmt.; Managing Program Costs: Planning, Execution, & Updating; & Appendixes. Tables, Figures, & Checklists.

Fertility of American Women

Fertility of American Women PDF Author:
Publisher:
ISBN:
Category : Fertility, Human
Languages : en
Pages : 72

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Current Housing Reports

Current Housing Reports PDF Author: Peter J. Fronczek
Publisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 64

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