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Location Value Response Surface Analysis

A mass appraisal technique that involves creating value influence centers, computing variables to represent distances (or transformations thereof) from such points and using the variables in a multiple regression or other model to capture location influences. Implementation of the technique is enhanced by the use of a geographic information system. Some geographic information systems permit the value influence centers to be displayed and measured as a three-dimensional grid surface, the results of which can be likewise used in calibration techniques to arrive at the contribution of location based on the model specification.