Valuation Engineering
Published March 5, 2025 | Version v17
Journal article Open

Residual Constraint Approach (RCA)

Authors/Creators

  • 1. Pacific Vista Net

Description

This paper describes the new Residual Constraint Approach (RCA), used to achieve higher accuracy appraisals of residential property through the use of R/earth (MARS) and value contribution related constraints.

Additions for accuracy

Files

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Additional details

Dates

Accepted
2025-02-20
Accepted
Copyrighted
2025-02-20
Copyrighted

References

  • Milborrow,S. Earth: Multivariate Adaptive Regression Splines. URL https://CRAN.R-project.org/package= earth. R Package.
  • Stephen Milborrow. Notes on the earth package. . URL http://www.milbo.org/doc/earth-notes.pdf.
  • Friedman, Jerome H. Multivariate Adaptive Regression Splines. 1991(1):1–141
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  • Max Kuhn and Kjell Johnson. Applied Predictive Modeling. Springer, corrected at 5th printing edition. ISBN 978-1-4614-6848-6 978-1-4614-6849-3. Description based upon print version of record.
  • Gareth James, Daniela Witten, Trevor Hastie, and Robert Tibshirani, editors. An Introduction to Statistical Learning: With Applications in R. Number 103 in Springer Texts in Statistics. Springer. ISBN 978-1-4614-7137-0. Includes index.
  • Wengang Zhang. MARS Applications in Geotechnical Engineering Systems: Multi-Dimension with Big Data. Springer. ISBN 978-981-13-7421-0 978-7-03-061046-1. Literaturangaben.
  • Stephen Milborrow. Variance models in earth. . URL http://www.milbo.org/doc/earth-varmod.pdf.