Method and system for predicting property values within discrete finite market elements
First Claim
1. 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.
1 Assignment
0 Petitions
Accused Products
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.
29 Citations
23 Claims
-
1. 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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
-
12. A method comprising:
-
a. Defining a sales price predictive valuation equation derived from a plurality of real estate valuations, the sales price valuation equation specifying at least two coefficients that are each related to a separate quality of real property; b. Associating the valuation equation with a geographic area; c. Providing the sales price valuation equation to a human analyst; d. Enabling the human analyst to modify the valuation equation; e. Applying a modification of the sales price valuation equation by the human analyst; and f. Providing the modified sales price valuation equation to another party. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19)
-
-
20. A system for predicting real estate valuations, comprising:
-
a. A predictive model associated with a geography and for generating a real estate valuation; and b. Means to enable the human analyst to modify the predictive model computation as applied to predictive sales price valuations of real property located within the geography. - View Dependent Claims (21, 22, 23)
-
Specification