Home value plays an important role in a variety of fields of research. In this paper, three commonly used measures of home value are evaluated and compared using a framework developed by Jöreskog and Goldberger (1975) for estimation of causal models containing unobserved variables. The paper extends ideas presented by Kain and Quigley (1972) and Kish and Lansing (1954).
- Home value
- Measurement errors
- Measurement errors in home value
- Unobserved variables
ASJC Scopus subject areas
- Statistics and Probability
- Statistics, Probability and Uncertainty