STANDARD MEASUREMENTS OF REAL PROPERTY VALUES

Abstract

In the scientific instrument industry, measuring devices are tested and evaluated using various criteria. One test is for accuracy: how precisely does the instrument monitor changes in the variables it is designed to measure? Another test is for repeatability: will the instrument (or several different copies of the same instrument) consistently give an accurate reading when essentially similar conditions are duplicated time and again? A third test is for efficiency: does the instrument carry out the measurement rapidly and economically, taking full advantage of innovations in technology?

Citation

PEARCE, I. (1983), "STANDARD MEASUREMENTS OF REAL PROPERTY VALUES", Journal of Valuation, Vol. 1 No. 4, pp. 351-362. https://doi.org/10.1108/eb007938