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Highly deteriorated US road infrastructure, major budgetary restrictions and the significant growth in traffic have led to an emerging need for improving performance of highway maintenance practices. Privatizing some portions of road maintenance operations by state Departments of Transportation...
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This paper examines the hypothesis that mortgage lenders rank applications from better to worst and encourage the better ones to apply. A second ranking occurs when the application is ranked by the loan committee and funds are approved from the top of the list until exhausted. A theoretically...
Persistent link: https://www.econbiz.de/10005693325
The procedure developed in this paper uses a less biased statistical technique than conventional discriminant analysis and parallels the ranking procedure used by loan officers. A variety of univariate and multivariate statistical procedures as well as comprehensive validation methods are used...
Persistent link: https://www.econbiz.de/10005258616
Conventional multiple regression analysis which has been used in estimating residential property values typically relies upon cardinal data. This paper argues that appraisal theory requires the appraiser to rank the comparables from best to worst and use a regression technique which can be...
Persistent link: https://www.econbiz.de/10005258855