Patent ID: 6609118
Filing Date: 2003-08-19
Classification: G06Q

Abstract:
A method of utilizing a fused estimate for estimating the value of a subject property and providing a quality measure of the estimated value, said method comprising the steps of:providing a first system capable of utilizing a first valuation methodology to provide a first estimate of the value of the subject property and a first reliability measure of the first estimate; providing a second system capable of utilizing a second valuation methodology to provide a second estimate of the value of the subject property and a second reliability measure of the second estimate; obtaining from said first system a first estimate of the value of the subject property; obtaining from said first system a first reliability measure of said first estimate; obtaining from said second system a second estimate of the value of the subjected property; obtaining from said second system a second reliability measure of said second estimate; automatically providing the fused estimate of the value of the subject property based on said first estimate and said second estimate; and automatically providing a quality measure of said fused estimate based on said first reliability measure and said second reliability measure, wherein the first valuation methodology and the second valuation methodology comprise different valuation methodologies, and wherein the fused estimate is capable of providing a better estimate of the value of the subject property than an individual estimate of the subject property produced by using a single valuation methodology alone.