The application of computer technology and statistical techniques to solve appraisal problems is referred to as?

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The application of computer technology and statistical techniques to solve appraisal problems is best described as computer-assisted mass appraisal. This approach incorporates sophisticated numerical analysis and computational tools to evaluate property values efficiently across multiple assets, making it particularly useful when dealing with large datasets typical in real estate markets. By utilizing technology, appraisers can enhance accuracy, reduce human error, and streamline the assessment process.

In contrast, mass appraisal typically pertains to valuing a large number of properties simultaneously but does not necessarily involve the advanced computational techniques and automation implied in the correct answer. Stepwise regression analysis is a statistical method used for selecting a subset of predictor variables for use in a regression model and is not directly tied to appraisal techniques specifically. Automated valuation models, while they do leverage technology for property valuation, do not encompass the broad combination of statistical techniques and appraisal methodologies that computer-assisted mass appraisal does. Therefore, the correct answer reflects a comprehensive application of both technology and statistics tailored specifically for mass appraisal challenges.

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