Property Valuation
What is a regression analysis in Nevada real estate appraisal?
AAn analysis of declining property values
BA statistical technique using multiple variables to estimate property value, often used in mass appraisal to identify which property characteristics most influence price✓ Correct
CA technique for adjusting sales prices backward in time
DAn NRED-approved method for all Nevada residential appraisals
Explanation
Multiple regression analysis is a statistical method that identifies and quantifies relationships between property characteristics and sale prices. Nevada county assessors use regression analysis in mass appraisal to estimate values for thousands of properties simultaneously.
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