Describes an empirical study of real estate value estimates in Melbourne, Australia, for the purpose of testing to see if computer generated values are as good as those produced by ordinary manual processes. Describes computer systems, including MRA and a process known as comparables selection, a computer‐based system which is an attempt to emulate the manual comparable sale selection system. Finds that the manual method outperformed that carried out by computers.
Fraser, R.R. and Blackwell, F.M. (1989), "Comparables selection and multiple regression in estimating real estate value: an empirical study", Journal of Valuation, Vol. 7 No. 3, pp. 184-201. https://doi.org/10.1108/EUM0000000003263
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