Method and system for providing a home data index model

A system for providing a home data index model in real-time, the system comprising:

• a processor;
• and
• memory storing instructions executable by the processor to:
• select a model, from a plurality of possible models stored in a memory, the selected model having a smallest relevant geographic resolution with a most specific cost constraints specific to a particular user, wherein the most specific cost constraints are stored in memory and include spatial resolution, data time lag resolution, sale value stratification organized across a plurality of different tiers and property sale type separated across a plurality of different sale transactions each having a set of characteristics;
• perform a first accuracy test for the selected model to determine accuracy of the selected model against an accuracy threshold criteria;
• perform a second accuracy test for the selected model to determine accuracy of generalized characteristics of the selected model;
• verifying that all values have been processed through the first accuracy test and the second accuracy test;
• and
• providing the home data index model in real-time based on the processed values stored in memory, wherein the model is selected, the first and second accuracy test is performed and the verification that all values have been processed are performed as a result of a processor executing instructions stored in the memory.

A computer readable medium containing a set of instructions executable by a processor for providing a home data index model in real-time, said set of instructions comprising:

• selecting a model, from a plurality of possible models stored in a memory, the selected model having a smallest relevant geographic resolution with a most specific cost constraints specific to a particular user, wherein the most specific cost constraints are stored in memory and include spatial resolution, data time lag resolution, sale value stratification organized across a plurality of different tiers and property sale type separated across a plurality of different sale transactions each having a set of characteristics;
• performing a first accuracy test for the selected model to determine accuracy of the selected model against an accuracy threshold criteria;
• performing a second accuracy test, for the selected model to determine accuracy of generalized characteristics of the selected model;
• verifying that all values have been processed through the first accuracy test and the second accuracy test;
• and
• providing the home data index model in real-time based on the processed values stored in memory, wherein the model is selected, the first and second accuracy test is performed and the check for additional values is processed as a result of a processor executing instructions stored in the memory.