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Quantitative Analysis

    Date: October 23 - 27, 2017   Location: Chicago, IL
 
  Course  
Category  General [Gen]  
Level  II  
Attendance Hours  32.0  
Exam Hours  3.0  
Current Price  $ 800.00 AI Price  
$ 1,100.00 Full Price  
 
  Instructor  
John H. Urubek, MAI  
Thomas W. Hamilton, PhD, MAI  
    
 
  Location  
Name  Chicago Chapter/ Appraisal Institute  
Rep  LA Anderson  
Address  205 W. Wacker Drive  
   #200A  
City  Chicago  
State  IL  
Zip  60606  
Phone  (312) 616-9400  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Chicago
Website  www.ccai.org  
Contact Name  L.A. Anderson  
Email  LA@ccai.org  
Phone  (312) 616-9406  
Fax  (312) 616-9404  
 
  Description  

Please review the FAQs for important information regarding registration and cancellation deadlines; mandatory diagnostic test; online session; course equivalencies. Click here.

Please note Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will pay full price.

For more information on how to become a Candidate for Designation, click here.

This course focuses on the practical application of quantitative tools for analyzing data, drawing appropriate conclusions from data sets, and presenting both the analysis and conclusions in ways that enhance communication with appraisal clients. It reviews and furthers the application of basic statistical measures (mean, median, mode, standard deviation, etc.) and spends a good deal of time on graphical and regression analysis.

Central goals of the course include showing participants how to understand the reliability and validity of data used to draw conclusions, providing the knowledge needed to support the conclusions others may draw from the same or similar datasets. Presentation and activities make extensive use of real-world appraisal applications and are aimed at furthering an appraiser’s ability to provide credible analysis of real property-related issues.

Upon completion of the course, participants should be able to:
• Properly apply and explain statistical methods such as simple and multiple regression analysis using market information
• Understand and critique statistical applications
• Understand how to incorporate statistical analysis in valuation reports
• Understand how to evaluate the reliability of various types of data used in valuation
• Understand the language of quantitative analysis
• Use graphs to present data and analysis
• Understand research design issues such as hypothesis construction, data reliability and validity, and sampling issues

Note: This course implements a blended learning approach, which includes a pre-class, two-hour online session combined with 30 hours of traditional classroom education and wraps up with a three-hour exam on the fifth morning.

Designated Members and Candidates for Designation will receive the discounted AI Price for Advanced Education courses: Advanced Income Capitalization, Advanced Market Analysis and Highest and Best Use, Advanced Concepts and Case Studies, and Quantitative Analysis. All others will pay full price.

This course is in the Analytics for Valuation Professional Development Program. For more information, click here.

For more information on how to become a Candidate for Designation, click here.



Downloads
Table of Contents and Overview (PDF)
Schedule (PDF)
 
  Audience  
• General or Residential Associates working on their designations

• MAIs or SRAs who want to further their statistics knowledge and skill base

• Residential or general certified appraisers

• Tax assessors

• Attorneys

• Bankers

• Review appraisers

• Market researchers
 
  Equipment  
An Introduction to Statistics for Appraisers
• Laptops (recommend external mouse)
• Spreadsheet program: Excel 2010  
• A financial calculator is required. The accepted model used in the course is the HP-12C. Note. Cellular phones, tablets, iPads, and other devices that connect to the Internet are NOT permitted during the exam.
You must be familiar with basic Excel and calculator operation when the course begins. Answers to problems in course material are shown using Excel 2010. Do not come to class expecting to be taught how to use Excel.

Note to Mac users: Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2008 or Mac Office  Excel 2011.  However, they do suggest free third-party add-ins with similar functionality. For more information, select Excel 2008 or Excel 2011.

 
  Prerequisites  
Required:
Advanced Education Diagnostic Test

Recommended:
Real Estate Finance, Statistics, and Valuation Modeling or university-level introduction to statistics course
Using Spreadsheet Programs in Real Estate Appraisals - The Basics or similar course/seminar

Participants must sign a waiver at the beginning of the course stating that they have the prerequisites. If they do not, they will not hold the Appraisal Institute responsible and will not expect to receive special attention during the course.

Required
  • An Introduction to Statistics for Appraisers
  •  
      For Further Reading  
      The Dictionary of Real Estate Appraisal , 6th ed.  
     
      Disclaimer  
    Cancellation Policy
    • $150.00 cancellation fee.
    • Less than 7 days prior to program start date, forfeit of payment.
          Program Material Policy

    Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
    • Cancel Offering, $25.00 material fee.


    ADVANCED EDUCATION - VERY IMPORTANT STUDENTS PLEASE READ CAREFULLY! To allow enough time for you to complete the required online session, course registration will be cut off on the 10th day before the classroom session begins. Please see additional deadlines below and the costs for cancellation. IMPORTANT DEADLINES FOR AE Official FIRST day of course - day online session begins 28 days BEFORE the classroom session begins. Last day to register for & submit the Diagnostic Test*** 21 days BEFORE the classroom session begins. Last day to receive a "PASS" confirmation on Diagnostic Test 14 days BEFORE the classroom session begins. Last day to register for the course 10 days BEFORE the classroom session begins. Last day to cancel registration with full refund 15 days BEFORE the classroom session begins. Last day to cancel registration with $150 cancellation fee 14 days BEFORE the classroom session begins. Last day to cancel registration with ZERO -0- refund 7 business days or less BEFORE the classroom session begins. Last day to complete online session 7 days BEFORE the classroom session begins. PLEASE NOTE: there will be NO exceptions to these rules above for registration or cancelling ALL ADVANCED EDUCATION COURSES!!!!!!!!!!! The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy, if you are late, you will not receive credit. If you are late the first day of the course, you may stay in class but you will not receive credit. Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day. Program Material Policy Beginning four weeks before the course start date, program materials will be shipped to the student. Standard ground shipping is INCLUDED in the tuition price. HOWEVER, ADDITIONAL CHARGES are added for express shipping. These charges will be reflected in late registration. If you register 14-10 days before the course, you will only be able to download the materials. YOU MUST MEET THE DEADLINES INDICATED ABOVE TO ATTEND THIS COURSE! HOTEL INFO: La Quinta Chicago Downtown at 1 South Franklin Chicago, IL 60606 is a 2016 Sponsor of CCAI. They are offering a preferred rate to our students. Follow this link - http://www.lq.com/en/findandbook/hotel-details.2013.address.html?cobrand=APPINS_2013&stop_mobi=yes Or call 312-558-1020. Ask for the Appraisal Institute rate or rate code APPINS. Rooms include free breakfast and free Wi-Fi. We have a corporate/ preferred rate at the Holiday Inn Mart Plaza, right across the street from the chapter office. This is within walking distance. Call 312.836.5000 or email reservations@martplaza.com and tell them you’re a student with the Chicago Chapter and they will make your reservation for you. Best Western River North Hotel Chicago at 125 W. Ohio Street Chicago, IL 60654 has a preferred rate for Chicago Chapter students. Call or email the hotel directly at 312.467.0800 or sales@rivernorthhotel.com and tell them you are with the Chicago Chapter of the Appraisal Institute. CHICAGO IS A VERY BUSY CITY. YOU NEED TO MAKE YOUR HOTEL RESERVATIONS EARLY TO GET OUR PREFERRED RATE OR EVEN GET A HOTEL ROOM BECAUSE THE HOTELS FILL UP QUICKLY WITH CONVENTIONS. You do not need to rent a car in Chicago. There is public transportation (CTA Train) to take you to and from either airport - O'Hare or Midway. If you have questions or need further directions in the city, please contact LA - la@ccai.org. PARKING INFO: SpotHero is an on-demand parking app that connects drivers to discounted, convenient parking! Download the SpotHero iPhone | Android app or visit www.spothero.com to find and reserve parking in advance at a great price! New users can enter promo code CCAI for an extra $5 off parking. That's $5 off already discounted rates! For parking related questions, contact (312) 566-7768. Happy Parking! Park Whiz is also offering a discount to CCAI students. Go to their website - http://www.parkwhiz.com/p/chicago-parking/ or use their app. Enter in "CCAI" as the coupon code to receive 10% off.



    Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
     
      Additional Information  
    Class Schedule: Registration: October 23, 2017 8:00a-8:30a Class: 8:30 -4:30 October 23-27,2017. Exam will be held Friday,October 27. Please contact LA LA@ccai.org 312.616.9400 if you have any questions or need assistance.

     

     
















     
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