Automated Valuation Modeling (AVM) Made Easy: A Beginner's Guide with Interactive AI Chatbot ChatGPT and Real-World Data

Introducing the ultimate guidebook on Automated Valuation Modeling (AVM) for beginners! Authored by Sid, an expert in the field, this comprehensive guidebook takes readers on a practical and immersive journey into the world of AVM. From the very first page, Sid adopts a conversational tone, making even complex concepts accessible to newcomers. Packed with real data from a county, this guidebook offers a hands-on approach, inviting readers to engage in extensive ChatGPT interactions that guide them through the modeling process step by step. This guidebook, spread across ten chapters, covers every aspect of AVM with meticulous attention to detail. Readers will learn essential techniques such as time adjustment, variable preparation, regression assumption testing, and multicollinearity evaluation. The modeling process is thoroughly explored, from development and calibration to finalization, outlier analysis, and holdout testing. Additionally, the guidebook delves into sales ratio analyses and assessment equity, providing a comprehensive perspective on these vital aspects.

One of the standout features of this guidebook is Sid's emphasis on practicality. Each chapter not only explains and illustrates the concepts but also provides Excel steps, formulas, and SAS codes, enabling new analysts to replicate the modeling process on their own in-house datasets easily. Regardless of your level of expertise, this guidebook is an invaluable resource. Beginners will find it the perfect starting point to grasp the fundamentals of AVM. At the same time, professional practitioners will also benefit from the extensive insights and techniques that can enhance their AVM strategies. With its engaging writing style, numerous tables, charts, and practical examples, this guidebook is a must-have for anyone interested in AVM. Whether you are seeking an introduction to the field or looking to refine your existing skills, Sid's guidebook is the ultimate companion on your AVM journey.