United Kingdom · Question · Written question
UIN 14949
Property: Valuation
Original
Introduced
19 November 2024
Last action
27 November 2024 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
27 November 2024
Summary
To ask the Chancellor of the Exchequer, what type of regression model is used in the Automated Valuation Model of the Valuation Office Agency.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
19 November 2024
Written question
To ask the Chancellor of the Exchequer, what type of regression model is used in the Automated Valuation Model of the Valuation Office Agency.
Source: Commons
27 November 2024
Answer
The Automated Valuation Model uses multiple regression with an advanced spatial modelling technique called Gaussian Markov Random Fields to better reflect the impact of location.
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-11-19/14949
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1742772
- uk · wq-1742772 · source updated 27 November 2024