METHOD AND APPARATUS FOR TESTING AUTOMATED VALUATION MODELS
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United States of America Patent
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app pub date -
Feb 1, 2013
filing date -
Dec 8, 2004
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Abandoned
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Abstract
A method and apparatus for real time testing of automated valuation 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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