ASSESSOR ANALYST

Question 1

LOOKS AT GROUPS TO DETERMINE IF THEY ARE TREATED THE SAME (IE BY STYLE OF HOMES)

Answer 1

HORIZONTAL EQUITY

Question 2

MEASURE OF VERTICAL EQUITY, MEAN/WEIGHTED MEAN

Answer 2

PRD

Question 3

PRD BELOW ONE

Answer 3

LOW VALUE UNDER APPRAISED=PROGRESSIVITY

Question 4

PRD ABOVE ONE

Answer 4

LOW VALUE OVER APPRAISED=REGRESSIVITY

Question 5

MEASURES AMOUNT OF DISPERSION IN THE RATIOS, INDICATED DEGREE OF ACCURACY IN THE APPRAISED VALUES. AVERAGE SUM OF ABS, DEVIATION FROM THE MEDIAN

Answer 5

COD

Question 6

STANDARD DEVIATION/MEAN

Answer 6

COV

Question 7

MOST ACCURATE MEASURE OF % DEVIATION IN SALES PRICES EXPLAINED BY THE MODEL.

Answer 7

R SQUARE VALUE

Question 8

RATIO OF THE REGRESSION COEFFICIENT TO ITS STANDARD ERROR (HIGHER THE RATIO, THE MORE SIGNIFICANT THE VARIABLE)

Answer 8

T VALUE

Question 9

F VALUE IS SQUARE VALUE OF

Answer 9

T VALUE

Question 10

DIFF BT ACTUAL AND PREDICTED SALES PRICES

Answer 10

RESIDUALS

Question 11

MINIMIZES THE SQUARED ERRORS BT THE ACTUAL AND PREDICTED SALES PRICES

Answer 11

MRA

Question 12

SEDGWICK COUNTY NUMBER OF MODELS

Answer 12

11

Question 13

SEDGWICK COUNTY NUMBER OF SALES

Answer 13

12,000 A YEAR

Question 14

SEDGWICK COUNTY TYPICAL STATS

Answer 14

R2 98%, STD ERROR OF 12% AND COV AROUND 8

Question 15

NUMBER OF RES PROPERTIES

Answer 15

150K