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TEST REVIEW: IAAO 311 QUESTIONS WITH 100% SOVED ANSWERS RATED A+
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TEST REVIEW: IAAO 311 QUESTIONS WITH 100% SOVED ANSWERS RATED A+
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TEST REVIEW: IAAO 311 QUESTIONSWITH 100% SOVED ANSWERS RATED
A+
1 of 44
Definition
(*nonlinear* MRA or Adaptive Estimation Procedure
(AEP)/feedback) allows the modeler greater freedom in model
specification than the additive and multiplicative models.
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Additive models Hybrid and generic models
, The t- Model calibration
value
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2 of 44
Definition
Group properties by:
a.Class
b. Economic area (location)
c. Construction grade
d. Age or condition
e.Size or stories
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multiplicative models General expense considerations
A feedback model Stratification
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, 3 of 44
Definition
Separate land and building values are provided. a. In
contrast, additive MRA produces only a total value.
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Strength of feedback Modern pricing theory
A feedback model Scalar transformation
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4 of 44
Definition
between 25% and 75%
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Interquartile range Quartiles
Standard deviation Median
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