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Spider: The Statistical Approach to Value Assignment Problem

  • Luigi TerruzziEmail author
Chapter
  • 222 Downloads
Part of the Computational Social Sciences book series (CSS)

Abstract

In the era of “Big Data,” with the advent of the artificial intelligence algorithms, a different type of real estate valuation has found its own market niche: the AVM (automated valuation method), evolution of the simplest statistical evaluation. The Spider-based approach starts from the consideration that the value of a property is certainly influenced by innumerable variables, possibly coming from different databases, but these variables can be grouped into homogeneous categories, which we will call vectors.

Keywords

Real estate evaluation Market comparison approach Cost approach Income approach Big Data approach 

Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.E&W, ITMilanItaly

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