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"A Statistical Definition of Value": A Critical Comment (Letters to the Editor)

Appraisal Journal 2003, July, 71, 3

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In Max Kummerow's above referenced Journal article (October 2002), he argues against traditional verbal definitions of market value and instead favors a statistical definition of value. Some of the issues related to "thinking statistically" about definitions and valuations were analyzed in earlier works by Kummerow (1) and Colwell. (2) There are a number of important points in these articles, especially in Kummerow's, but it will be argued here that he has drawn too far-reaching conclusions in his most recent 2002 article. Main arguments and conclusions in Kummerow (2000) (3)

"A Statistical Definition of Value": A Critical Comment (Letters to the Editor)
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  • 2,99 €
  • Available on iPhone, iPad, iPod touch, and Mac.
  • Category: Business & Personal Finance
  • Published: 01 July 2003
  • Publisher: The Appraisal Institute
  • Print Length: 15 Pages
  • Language: English
  • Requirements: To view this book, you must have an iOS device with iBooks 1.3.1 or later and iOS 4.3.3 or later, or a Mac with iBooks 1.0 or later and OS X 10.9 or later.

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