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Applying the Bootstrap Technique to Real Estate Appraisal: An Empirical Analysis

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Abstract

The purpose of this research is to demonstrate a statistical technique, bootstrapping, and its application in estimating overall capitalization rates in real estate appraisal. This study compares bootstrapped statistics from real estate sample data with the actual sample statistics in order to determine if significant statistical differences are observed. In addition, the issue of how many minimum data points are required for bootstrapping to yield statistically valid proxies is presented.

Suggested Citation

  • James L. Kuhle & Josef D. Moorehead, 1990. "Applying the Bootstrap Technique to Real Estate Appraisal: An Empirical Analysis," Journal of Real Estate Research, American Real Estate Society, vol. 5(1), pages 33-40.
  • Handle: RePEc:jre:issued:v:5:n:1:1990:p:33-40
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    References listed on IDEAS

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    Cited by:

    1. Brent W. Ambrose, 1990. "An Analysis of the Factors Affecting Light Industrial Property Valuation," Journal of Real Estate Research, American Real Estate Society, vol. 5(3), pages 355-370.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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