Non-Residential Modeling Workshop

Non-Residential Sales and Income Modeling in SPSS – NRM02S

A workshop for beginning to intermediate property valuation modelers. The five-day workshop consists of eleven sessions. Sessions include 40 to 60 minutes instruction of core concepts and 30 to 120 minutes of practical hands-on coding in SPSS. Live workshops will have opportunities for Q&A.

Participants work with a sample set of sales and income which requires scrubbing and transformation for use in a model. Data set includes attributes for Location; Transaction date; Type of Improvement; Building size; Lot size; Improvement Condition; Number of Floors; Class; Traffic; Unit Mix; Distance to and Distance to Transportation. By the end of the workshop, participants have built a simple, model that performs well, and will have templates for building sales and income models for Retail, Office Buildings, Apartments and Industrial and Multi-purpose properties. Participants will have an opportunity to build a model using either their own data or a typical set of data.

Workshop Outline

Session 1 – Introduction and Fundamentals

Session 2 - Working with Income and Sales Data

Session 3 - Binary and Categorical Transformations

Session 4 – Continuous (Scalar) Transformations

Session 5 – Measuring and Using Spatial Attributes

Session 6 – Time Trending

Session 7 - Building Sales Models

Session 8 – Building Income Models

Session 9 – Building Your Model

Session 10 – Projecting Values for Unsold Properties

Session 11 - Market Segmentation Strategies

Options

Live Instructor-led online. Offered in August.

Workshop fee is $1,500 per seat.

Participants will be required to download and install SPSS (30 day trial versions are available) in advance of the workshop.

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