AVM Glossary
Failure Rate
An AVM Performance Metric that measures a combination of accuracy and precision. The percentage of properties for which the AVM fails to predict selling prices to within +/- (a given percentage, for example, +/- 10%).
AVM Glossary
An AVM Performance Metric that measures a combination of accuracy and precision. The percentage of properties for which the AVM fails to predict selling prices to within +/- (a given percentage, for example, +/- 10%).