__________________ is a way to arrive at a value from a large collection of data

Question

BlackTom AI · Accepted Answer

The prompt asks us to identify which term completes the sentence: '__________________ is a way to arrive at a value from a large collection of data.'
Option 1: Market Analysis. This term refers to examining market conditions, trends, and factors affecting supply and demand. While market analysis can inform value judgments, it is a broader process and not specifically defined as a method for deriving a value from a large dataset.
Option 2: Automated Market Valuation. This phrase describes the use of automated systems or algorithms to process large datasets and estimate a property's value. It directly aligns with the idea of arriving at a value from a large collection of data, making it the best match for the described concept.
Option 3: Highest and Best Use. This is a principle in appraisal that determines the most profitable legal use of a property, given constraints. It involves scenario assessment but is not a general method for deriving value from a large data set.
Option 4: Inferential Statistics. This field deals with drawing conclusions about a population based on sample data, using probability and statistical methods. While it involves working with data to estimate properties or parameters, it is a broader statistical discipline and not specifically named as a value-derivation method in the given context.
In summary, the described concept most closely matches a valuation approach driven by automated processing of extensive data, which is precisely what Automated Market Valuation denotes. The other options describe related but distinct ideas: Market Analysis is broader market assessment, Highest and Best Use is a guideline for optimal use, and Inferential Statistics is a statistical methodology rather than a valuation method per se.

R E 411 B Quiz #3 practice

__________________ is a way to arrive at a value from a large collection of data

查看解析

登录即可查看完整答案

类似问题

When a marketing manager surveys a few of the customers for the purpose of drawing a conclusion about the entire list of customers, she is applying

When a marketing manager surveys a few of the customers for the purpose of drawing a conclusion about the entire list of customers, she is applying:

A light bulb manufacturer wants to advertise the average life of its light bulbs so it tests a subset of light bulbs. This is an example of inferential statistics.

The estimation of the population average family expenditure on food based on the sample average expenditure of 1,000 families is an example of

Which type of analysis is used to make broader inferences about populations based on sample data?

Which of the following is an example of inferential statistics?

This article used descriptive statistics. Which of the following questions would require inferential statistics to answer? (Select all that apply)

For the following statement, decide whether descriptive or inferential statistics is used. The world population is predicted to be 9 billion people in 2035.

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单