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| Competition - The attempt by two or more buyers or sellers to buy or sell similar commodities in the same market. |
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| Computer- assisted assessment system - A system for assessing real and personal property with the assistance of a computer. A computer may be used, for example, in the appraisal process, in keeping track of ownership and exemption status, in printing the assessment roll, in coordinating the work load of real property appraisers and personal property appraisers with respect to the assessment of commercial and industrial properties, and in a number of other areas. |
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| Computer-assisted mass appraisal (CAMA) - A system of appraising property, usually only certain types of real property, that incorporates statistical analyses such as multiple regression analysis and adaptive estimation procedure to assist the appraiser in estimating value. |
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| Condition - A judgment of the depreciation of an improvement. |
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| Confidence interval - For a given confidence level, the range within which one can conclude that the population parameter (such as the median or mean appraisal ratio) lies. The reliability of confidence intervals depends on the extent to which any required statistical assumptions are met. |
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| Confidence level - The required degree of confidence in a statistical test or confidence interval, commonly 90, 95, or 99 percent. A 95 percent confidence interval would mean, for example, that one can be 95 percent confident that the population parameter (such as the median or mean ratio of appraised values to market values) falls in the indicated range. |
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| Conformity - The principle that the value of a property depends in part of its relationship to its surrounding. |
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| Consideration - The amount of money and other valuable goods or services upon which a buyer and a seller agree to consummate a sale. |
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| Contingency table - A table that shows how a dependent variable varies with respect to two independent variables. |
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| Continuous variable - A variable for which it is conceivable that, given any tow observed values, a value lying between them may occur. For example, temperature and finished living area are continuous variables; quality class and number of fireplaces are not. |
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