HADM 6230: Real Estate Statistical Modeling
Fall and Spring. 1.5 credits. Letter grades only (no audit).
Prerequisite: HADM 2221, HADM 3210, HADM 4200, or HADM 6200. Course fee: $60.
Limited to HotelDM 6230 Pre-Req
- Crocker Liu (chl62) - Fall 2021
- Maxence Valentin (mav96) - Spring 2023
This course provides students with education in the use of statistical methods applied to real estate property and market data for the purpose of making informed decisions about allocations of resources to real estate. Both elementary and advanced statistical methods are covered in the course and students receive training in the statistical functions of Excel, STATA, and @RISK. Also, students gain exposure to the expanding number of real estate data bases offered by vendors. An important component of the course is the series of required assignments that involve finding answers to specific questions encountered in practice that can be best answered with statistical analysis of relevant data. Building statistics-based forecasting and valuation models is essential for completing the course assignments.