Session 1: Sales Representativeness Testing — The First Rule of Valuation Modeling
Today,
I’m launching the first session of our new mass appraisal modeling masterclass
series — and it is FREE.
We
start with the non-negotiable foundation: Sales Representativeness Testing.
Before
calibrating an OLS engine, running spatial GIS regressions, or testing
Price-Related Differential (PRD), every modeler faces a critical gatekeeper
test: Is your sales sample truly representative of the population?
Skipping
or rushing this foundational check compromises model integrity, induces
systemic assessment drift, and leaves valuation models vulnerable during Value
Adjustment Board (VAB) or judicial appeals.
Read Session 1 completely FREE today on Substack:
https://sidsom.substack.com/p/sales-representativeness-testing
Subscriber Note & Mission:
·
Session 1
is available completely free to establish our baseline diagnostic framework.
·
Sessions 2 through 10—covering
time adjustment, dummy coding, ordinal coding, 2-pass outlier protocol
(z-score), sales ratio analysis, OLS assumption tests, holdout tests, IAAO
guidelines tests, and model application—will be exclusive to paid Substack
subscribers. Of course, the Executive Summaries are always free for everyone on
Substack and Patreon.
·
100% of all author proceeds
from Substack subscriptions and book sales are donated directly to charitable
causes, including Save the Children.
Read,
share with your assessment teams, and let’s keep pushing mass appraisal toward
econometric excellence.
#MassAppraisal
#AVM #ValuationModeling #CAMA #Econometrics #Assessment #PropertyTax
#SaveTheChildren #GIS #DataAnalytics
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