Comment on: Valuation by comparable sales and linear algebra*
- 1 March 1991
- journal article
- research article
- Published by Taylor & Francis in Journal of Property Research
- Vol. 8 (1) , 21-27
- https://doi.org/10.1080/09599919108724018
Abstract
The strict application of a Linear Programming (LP) approach to comparable sales denies the valuer an assessment of an individual property's worth. Furthermore, the formulation of valuations in LP terms assumes a strictly linear deterministic model. Valuations should be viewed as a stochastic process.Keywords
This publication has 2 references indexed in Scilit:
- Application of linear programming — a case studyLand Development Studies, 1989
- THE APPLICATION OF MULTIPLE REGRESSION ANALYSIS IN PROPERTY VALUATIONJournal of Valuation, 1988