Range - AVMetrics

(1) The maximum value of a sample, minus the minimum value. (2) The difference between the maximum and minimum values that a variable may assume.

Glossary: Reconciliation
The Many Uses of Automated Valuation Models (AVMs)
Glossary: Median Absolute Error
Glossary: Median Absolute Deviation
How AVMetrics Tests AVMs Using our New Testing Methodology
AVMetrics has a new method of testing AVMs. The goal is to avoid the process of "anchoring," which is when AVMs adjust their valuations based on listing prices. Our new method is a dramatic innovation that will level the playing field for all the AVMs.