IAAO 332: Modeling Concepts

    Course 332 - Modeling Concepts introduces and explains fundamentals of mass appraisal model building. Chapter 1 explains the role of models in mass appraisal and describes basic model structures and steps in model development. Chapter 2 covers exploratory data analysis, including descriptive statistics, charts and graphs, and spatial analyses. Chapter 3 describes data transformations, which largely determine the accuracy achieved for a given database. Chapter 4 introduces multiple regression analysis, including regression statistics and options, the interpretation of results, and separation of land and building values. Chapter 5 covers the review and support of mass appraisal values and chapter 6 describes mass appraisal reporting.

    The course includes a large number of demonstrations and labs using Excel, which is capable of producing basic models for a limited number of variables. Follow-up courses 333 and 334 cover residential and commercial modeling, respectively, in more depth and use the powerful but user-friendly statistical package, SPSS, in labs and demonstrations. Thus this course serves as a foundation and bridge to IAAO’s two follow-up model building courses.
    Recommended: Course 300, Fundamentals of Mass Appraisal textbook (FMA), A solid working knowledge of Excel - AQB Approved: 33.50 QE, 33.50 CE with Exam / 30 hours CE no exam

    There currently are no scheduled offerings of this course.
    There are no materials avaliable for this course at this time.
    For all registration questions, resetting passwords, or login issues please contact:

    Dale Zuckert

    Assistant Registrar
    For questions regarding course details, including location, schedule, materials, and continuing education credits, please contact:

    Rachel Mintel

    Program Associate, Local and State Government Group
    Teaching Assistant Professor in Public Finance and Government