Calibration - AVMetrics

The process of estimating the coefficients in a mass appraisal model.

Glossary: Hedonic pricing
Glossary: Location Value Response Surface Analysis
Glossary: Neural Network (ANN)
MISMO’s Step in the Right Direction, The Common Confidence Score, Is Just One Step
MISMO's Common Confidence Score standard gives the industry a shared definition of what an AVM confidence score should mean. But defining the target and verifying that models are hitting it are two different things — and the verification requires independent testing at a scale most institutions cannot achieve on their own.