Statistical Relations of the Qualitative Attributes of Real Properties Subject to Mass Appraisal

• Main Authors: Dmytrów Krzysztof, Gdakowicz Anna, Putek-Szeląg Ewa
• Format: Article
• Language: English
• Published: Sciendo 2019-12-01
• Series: Folia Oeconomica Stetinensia
• Subjects: mass real estate appraisal; partial correlation coefficient; τb kendall correlation coefficient; spearman rank correlation coefficient; general correlation coefficient; c35; r31
• Online Access: https://doi.org/10.2478/foli-2019-0011
• ISSN: 1898-0198

Research background: Every real estate may be described with a multitude of attributes. In the process of real estate appraisal only those properties are taken into account that significantly affect its value. Mass appraisal involves a simultaneous valuation of many similar real properties, carried out in the same manner and at the same time. The algorithm applied to mass appraisal ought to ensure a uniform approach to the valuation of all real estate of the same type in an objective fashion.