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Statistical Relations of the Qualitative Attributes of Real Properties Subject to Mass Appraisal

Author

Listed:
  • Dmytrów Krzysztof
  • Gdakowicz Anna
  • Putek-Szeląg Ewa

    (University of Szczecin, Institute of Economics and Finance, Mickiewicza 64, 71-101Szczecin, Poland)

Abstract

Research background: Every real estate may be described with a multitude of attributes. In the process of real estate appraisal only those properties are taken into account that significantly affect its value. Mass appraisal involves a simultaneous valuation of many similar real properties, carried out in the same manner and at the same time. The algorithm applied to mass appraisal ought to ensure a uniform approach to the valuation of all real estate of the same type in an objective fashion.

Suggested Citation

  • Dmytrów Krzysztof & Gdakowicz Anna & Putek-Szeląg Ewa, 2019. "Statistical Relations of the Qualitative Attributes of Real Properties Subject to Mass Appraisal," Folia Oeconomica Stetinensia, Sciendo, vol. 19(2), pages 25-37, December.
    • Handle: RePEc:vrs:foeste:v:19:y:2019:i:2:p:25-37:n:2
    DOI: 10.2478/foli-2019-0011
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    References listed on IDEAS

    as
    1. Foryś Iwona & Gaca Radosław, 2016. "Application of the Likert and Osgood Scales to Quantify the Qualitative Features of Real Estate Properties," Folia Oeconomica Stetinensia, Sciendo, vol. 16(2), pages 7-16, December.
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    More about this item

    Keywords

    mass real estate appraisal; partial correlation coefficient; τB Kendall correlation coefficient; Spearman rank correlation coefficient; general correlation coefficient;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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