IAAO 311 Quiz 2
In the cost approach model, construction costs represent the _________________ side of the market
and depreciation represents the __________________ side of the market. - Answer-supply
demand
The cost approach is closely related to a: - Answer-Hybrid model structure
When variations in size affect sale price the __________________ of valuing land is most appropriate in
mass appraisal. - Answer-comparative unit method
V=b0 + (b1 * X1) + (b2 * X2) + (b3 * X3)...is an example of a/an model structure for the sales comparison
approach. - Answer-additive
In regression statistics, the most accurate measure of the percentage of variation in sales prices
explained by the model is the: - Answer-adjusted r-square
In regression statistics, the _____________________ is the ratio of a regression coefficient to its
standard error (The higher the ratio, the more significant the variable). - Answer-t-value
In multiple regression analysis, ___________________________ represents the difference between
actual and predicted sales prices. - Answer-residuals
What employs the Euclidean distance metric: - Answer-automated comparable sales
In the cost approach model, construction costs represent the _________________ side of the market
and depreciation represents the __________________ side of the market. - Answer-supply
demand
The cost approach is closely related to a: - Answer-Hybrid model structure
When variations in size affect sale price the __________________ of valuing land is most appropriate in
mass appraisal. - Answer-comparative unit method
V=b0 + (b1 * X1) + (b2 * X2) + (b3 * X3)...is an example of a/an model structure for the sales comparison
approach. - Answer-additive
In regression statistics, the most accurate measure of the percentage of variation in sales prices
explained by the model is the: - Answer-adjusted r-square
In regression statistics, the _____________________ is the ratio of a regression coefficient to its
standard error (The higher the ratio, the more significant the variable). - Answer-t-value
In multiple regression analysis, ___________________________ represents the difference between
actual and predicted sales prices. - Answer-residuals
What employs the Euclidean distance metric: - Answer-automated comparable sales
