Author: James L. Kuhle and Josef D. Moorehead

Start Page: 33
End Page: 40
Volume: 5
Issue Number: 1
Year: 1990
Publication: Journal of Real Estate Research

Abstract: The purpose of this research is to demonstrate a statistical technique, bootstrapping, and its application in estimating overall capitalization rates in real estate appraisal. This study compares bootstrapped statistics from real estate sample data with the actual sample statistics in order to determine if significant statistical differences are observed. In addition, the issue of how many minimum data points are required for bootstrapping to yield statistically valid proxies is presented.