Property Valuation
In South Dakota, the 'hedonic pricing model' in real estate refers to:
AAn appraisal method based on hedonistic use of the property
BA statistical method that estimates the value contribution of individual property attributes✓ Correct
CA simple GRM calculation
DA cost approach that adds hedonic adjustments for luxury features
Explanation
Hedonic pricing models use statistical regression to decompose a property's value into its component parts (location, square footage, bedrooms, amenities), estimating the value contribution of each attribute.
Related South Dakota Property Valuation Questions
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