ALLABCDEFGHIJKLMNOPQRSTUVWXYZ« Back to Glossary IndexThe extent to which an AVM’s valuations approximate actual market values. Analysts usually examine a model’s overall accuracy through two different types of metrics – measures of AVM bias and measures of AVM precision.Related Articles:The Many Uses of Automated Valuation Models (AVMs)The Wild, Wild West of Automated ValuationsThe Proper Way to Select an AVMAVM Regulatory OutlookAVMetrics’ Compliance Package« Back to Glossary Index