Method and apparatus for testing automated valuation models

Details Method and apparatus for testing automated valuation models Method and apparatus for testing automated valuation models

2011-08-16

2011-08-16

Apple, Kirsten S (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S313000

Reexamination Certificate

active

08001024

ABSTRACT:
A method and apparatus for real time testing of automated valuation models using various indicators of accuracy. These indicators are then weighted according to their value as indicators of accuracy using individualized weighting factors or an equation. A ranking is then computed based upon the factors and their weights. This method is preformed continuously, so as to achieve real-time or periodically updated automated valuation model accuracy rankings.

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Visit Limsombunchai, “House Price Prediction: Hedonic Price Model vs. Arftifical Neural Network” American Journal of Applied Sciences vol. 3, pp. 193-201.

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