Econometric Support of a Mass Valuation Process

Abstract

Research background: The issues undertaken in the paper include the specification of an econometric model in real estate mass appraisal. Advantages and disadvantages of using econometric models in real estate mass appraisal are discussed.

Keywords

• econometric modelling
• real estate mass appraisal algorithm
• multicollinearity
• qualitative variables
• r33
• c10
• c13