Residential Modeling Workshop

Residential Modeling in SPSS – RM01S

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 3,200 sales 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; Garage type and spaces; Central Air; Distance to Park and Distance to Transportation. By the end of the workshop, participants have built a simple model that performs well, will have a template for building a residential sales model which should be usable with any typical CAMA dataset and will have built a model using either their own data or a typical set of data. In addition, you will learn how to use your model to project values for unsold properties and discuss strategies for market segmentation.

Workshop Outline

Session 1 – Introduction and Fundamentals

Session 2 - Working with 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 an Additive Model

Session 8 – Building a Multiplicative Model

Session 9 – Building Your Model

Session 10 – Projecting Values for Unsold Properties

Session 11 - Market Segmentation Strategies

Options

Live Instructor-led online. Offered in May and October.

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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