ALLABCDEFGHIJKLMNOPQRSTUVWXYZ« Back to Glossary IndexThe degree to which an AVM or cascade tends to overvalue or undervalue subject properties. Analysts quantify an AVM’s bias by calculating the mean or median valuation error.Related Articles:AVMs Keep Getting Better, Craig Gilbert NoticedGlossary: Assessment Progressivity (Regressivity)Glossary: Median Absolute ErrorGlossary: Median ErrorGlossary: PRB« Back to Glossary Index
