From 8e4b4f09f79e45a954a37828d67b1af27bfe21e2 Mon Sep 17 00:00:00 2001 From: Michael Wagner Date: Wed, 20 Mar 2024 14:55:39 +0000 Subject: [PATCH] Fix ratio figure --- vignettes/example-ratio-study.Rmd | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/vignettes/example-ratio-study.Rmd b/vignettes/example-ratio-study.Rmd index 70e630a..7e2a670 100644 --- a/vignettes/example-ratio-study.Rmd +++ b/vignettes/example-ratio-study.Rmd @@ -23,7 +23,7 @@ In general, there are four important statistics produced in sales ratio studies, | **COD** | 5 - 15 | How often properties with the *same* sale price receive the same predicted market value. Lower CODs indicate more fairness between similarly priced properties. | | **PRD** | .98 - 1.03 | How often properties with *different* sale prices receive the proportionately different predicted market values. Lower PRDs indicate more fairness between low and high-priced properties. | | **PRB** | -.05 - .05 | PRB is a different approach to measuring fairness across homes with different sale prices. | -| **Median Ratio** | .095 - 1.05 | The median ratio measures whether the most common ratios accurately reflect sale prices. | +| **Median Ratio** | .95 - 1.05 | The median ratio measures whether the most common ratios accurately reflect sale prices. | | MKI | .95 - 1.05 | Measures the difference in inequality between assessed valuations and sale prices. | | Sales Chasing (E.4) | $\le$ 5% | Measures the degree to which the statistics above are *true* reflections of the quality of assessments. |