spatialest® software is a powerful modeling toolset which combines GIS and statistical functionality to offer a unique approach to property appraisal.
spatialest® software offers a new method of generating an estimate of property value using comparable sales information, intelligent property attribute comparison and geographical proximity.
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Multiple Regression Analysis | The regression script offers the user an increased ability to manage nulls, force attributes, and output results. |
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Model Builder Wizard | The wizard enables the user to quickly produce a model without any prior knowledge of statistics. Like the regression script, both additive and multiplicative models can be run from the model builder wizard. |
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Sales Ratio Analysis | Identify under/over estimated values. These can be mapped directly from the analysis to identify spatial patterns and trends. |
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Time Adjustments | The Time Adjustment function creates a Time Adjusted Sales Price (TASP) value which has been adjusted for the effects of price changes in the market between the date of sale and the analysis. |
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Comparable Sales Analysis | Use an intelligent approach to valuation and be able to review the distribution of every subject property and its comparables on a map. |
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Intelligent property attribute comparison | Create comparable rules quickly and easily using predefined selection criteria. |
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Distance/Similarity Weighting | Weight whether a comparable should be chosen based on its proximity to the subject or based on its similarity. |
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Exploratory Statistics | Use descriptives, crosstabs, and frequencies to identify outliers, invalid information, disqualified sales patterns. Correlations can also be used to test the relationships between pairs of variables. |
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Graphs | Perform scatter plots, box plots, histograms from the graphing tab. |
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Group & Categorize Variables | Simple 'drag-and-drop' tool for grouping variables removes the need for repetitive scripts. |
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Compute New Variables | Create new or modify existing variables using compute statements that follow a standard syntax based on VB.NET. |
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Grids | Return descriptive statistics on variables based on a specific geographic region. |
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Missing Value Analysis | Accommodate for missing values in data by treating the missing values as base, a suitable alternative, or by ignoring those values altogether so that results are not adversely affected or skewed. |
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Add GIS data | Utilize ESRI shapefiles, SDE layers, and raster image layers |
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Select Data Geographically | Write select queries in the map interface or use spatial select tools to identify features or generate models based on geography. |
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Use Buffers | Create distance buffers around features. For instance, this might be used to identify properties which fall within a flood plain. |
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Utilize online map data | Review comparables using Google online maps and streetview imagery. |
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Create interpolated surfaces | Create a value prediction surface in order to identify key patterns and trends in the data. |
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Visualization | Use Quantiles, Graduated Symbols, Ratio Maps, and Value Maps to symbolize quantitative or qualitative data |
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Spatially Disparate Regions | Model relatively homogeneous data from spatially disparate regions |
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Temporal Patterns & Trends | Assess and review trends and patterns which are often not evident from tabular analysis |
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Data Connection | Connect to a range of different data sources using SQL Server, Oracle, Access, MySQL, ODBC, CSV etc. |
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XML Output | All analysis is stored and can be exported using XML to facilitate easy transfer between different applications, such as existing CAMA systems. |
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Comprehensive Help | This resource contains examples, references, explanations and suggestions on a variety of statistical procedures including how regression analysis works. |