US 2012/0072357 A1 · Method and system for predicting property values within discrete finite market elements

Abstract

Methods, systems and computer-readable medium for enabling improved market value and sales price calculations are provided. In one case, a plurality of data sets are analyzed by a computer to derive a predictive equation. Each data set contains (a.) a sales price of a particular real property; and (b.) a plurality of quantitative parameters of qualities and conditions related to or descriptive of that particular real property. A human analyst then reviews the predictive equation and may modify the equation in light of the analyst's personal knowledge or research of a geographic area or neighborhood comprising the real properties of the data sets. The modified equation may only be applied to a geographic area associated with the human analyst. The invented method may be applied to forecasting and valuations in general, wherein a general valuation equation is computationally generated and an analyst modifies the equation.

Claims23

Dependent claims

A method of applying human expertise to adapt a valuation equation, the method comprising:

a. Directing a computer to generate a valuation equation from an automated analysis of a plurality of values, wherein each value is related to one of a second plurality of paired coefficients and parameters, wherein each pair of a coefficient and a parameter is multiplied together and the resultants are summed to equal the associated value;
b. Providing the plurality of coefficients to a human analyst;
c. Forming an adapted plurality of coefficients by accepting from the human analyst an adaptation of at least one coefficient;
and
d. Deriving a value from a set of parameters by applying the valuation equation with the adapted plurality of coefficients.

2 more elements

Dependencies are inferred from the claim text.

Method and system for predicting property values within discrete finite market elements

Life of this patent

Method and system for predicting property values within discrete finite market elements

Life of this patent

Abstract

Claims23