You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
The most recent year of sales data (in the current case, 2024) has two possible problems:
The 2024 sales sample is incomplete because of lagged reporting to the state via IDOR
The 2024 sales sample may not be representative of the full sample of sales, e.g. certain types of properties may be more reported more quickly or completely than others
Per @Douglasmsw, we can adjust for these issues with error weighting:
Upweight the most recent sales such that the total number is closer to what we'd expect if we had all the data
Perform IPW such that 2024 sales end up with the same characteristic distributions as 2023. IPW here would be something like $1 / P(2023\_sample | sales\_chars)$, where the latter term is the result of a logit or probit specced as: sale_from_2024 (binary) ~ sales_chars using 2023 and 2024 sales for training. We also need to a apply an adjustment term here to ensure that weights are between 0 and 1
The text was updated successfully, but these errors were encountered:
The most recent year of sales data (in the current case, 2024) has two possible problems:
Per @Douglasmsw, we can adjust for these issues with error weighting:
sale_from_2024 (binary) ~ sales_chars
using 2023 and 2024 sales for training. We also need to a apply an adjustment term here to ensure that weights are between 0 and 1The text was updated successfully, but these errors were encountered: