Wolfgang A. Brunauer

Data-driven real estate valuation, part II: data, uncertainty and governance for reliable automated valuation models in practice

This paper is part II of a two-part review of automated valuation models (AVMs). Part II examines what is required for AVMs to be reliable, fair and production-ready in high-stakes valuation practice, focussing on validation, uncertainty quantification, market coverage, data enrichment including environmental, soci...