AccuriZ :: Definitions

Glossary of Terms - Property Value

Definitions are referenced from various governmental real estate sites, IAAO

Kilometer

Unit of length equal to 1,000 meters. Equals 0.6214 statute miles.

Kruskal-Wallis Test

A test in inferential statistics, valid for all types of numerical data, that seeks to determine whether the observations in a sample came from one population as opposed to three or more distinct, homogeneous subpopulations. This test is used in assessment to analyze assessment ratios from three or more classes of property to determine whether significant assessment biases are present among the classes of property. When only two classes are being Compared, the appropriate test is the Mann-Whitney test.

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