Method and apparatus for testing automated valuation models
US8001024B2 · kind B2 · utility
28Cited by
3References
29Claims
0Family size
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Key dates
| Filing date | Dec 8, 2004 |
| Grant date | Aug 16, 2011 |
| Priority date | — |
| Expiry date | Apr 17, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/16
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and apparatus for real time testing of automated valuation models using various indicators of accuracy. These indicators are then weighted according to their value as indicators of accuracy using individualized weighting factors or an equation. A ranking is then computed based upon the factors and their weights. This method is preformed continuously, so as to achieve real-time or periodically updated automated valuation model accuracy rankings.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.