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The nature and use of uncertainty in property valuation expert systems

Journal of Valuation

ISSN: 0263-7480

Article publication date: 1 March 1989

Abstract

Examines the ability of an expert computer system to evaluate uncertainty within a valuation context and thus emulate the professional skill of the valuer. Shows that because property valuation programs based on regression analysis require data input for each variable, they are unable to evaluate uncertainty and hence to apply the rational judgement which enables the human valuer to produce a valuation in the light of uncertain or incomplete information.

Keywords

Citation

Scott, I., Gronow, S. and Rosser, B. (1989), "The nature and use of uncertainty in property valuation expert systems", Journal of Valuation, Vol. 7 No. 3, pp. 218-247. https://doi.org/10.1108/EUM0000000003265

Publisher

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MCB UP Ltd

Copyright © 1989, MCB UP Limited