AVM Glossary
Accuracy
The extent to which an AVM’s valuations approximate actual market values. Analysts usually examine a model’s overall accuracy through two different types of metrics – measures of AVM bias and measures of AVM precision.
AVM Glossary
The extent to which an AVM’s valuations approximate actual market values. Analysts usually examine a model’s overall accuracy through two different types of metrics – measures of AVM bias and measures of AVM precision.