Automated Valuation Model based on ML algorithm​

AVMs in the real estate sector are algorithms (basically a combination of Machine Learning techniques) that are trained on large amounts of data such as transaction data and land property attribute in order to predict the values of properties.

AVM-

  • ​Statistic-based computer programs.​​
  • Use property information (e.g. transactions and property attributes etc.) to generate suggested value.
  • Produces a market valuation through mathematical modelling.​
  • Variety of statistical and algorithmic approaches​​​​
  • Analyzing the relationship between the price/value of a residential property and the property’s underlying attributes.
  • Application of statistical methods and Mathematical Modelling such as multiple regression analysis (MRA)​​​

Automated Valuation Model based on ML algorithm​

AVMs in the real estate sector are algorithms (basically a combination of Machine Learning techniques) that are trained on large amounts of data such as transaction data and land property attribute in order to predict the values of properties.

AVM-

  • ​Statistic-based computer programs.​​
  • Use property information (e.g. transactions and property attributes etc.) to generate suggested value.
  • Produces a market valuation through mathematical modelling.​
  • Variety of statistical and algorithmic approaches​​​​
  • Analyzing the relationship between the price/value of a residential property and the property’s underlying attributes.
  • Application of statistical methods and Mathematical Modelling such as multiple regression analysis (MRA)​​​