Vocabulary and Concepts Chapters 14-19
GuamPlease go through Chapter 14-19. Textbook in the attachment.
In your own words:
Define statistics
Statistical analysis is what?
Differentiate between quantitative and qualitative data
Central Tendency-define
Mean, median, mode-define
What is high variation vs. low in a sample of data?
Regression analysis-define
The six steps for market analysis
Supply vs. Demand--who wins?
Highest and Best Use--define the tests
Legally non-conforming use defined
Interim Use defined
Excess Land
Surplus Land
What is the most common used valuation approach of the three approaches (cost, income, and sales comparison) and why?
Market Extraction defined
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Answer(2)
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- StatisticalAnalysis.edited.docx
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