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17 changes: 13 additions & 4 deletions README.md
Original file line number Diff line number Diff line change
Expand Up @@ -701,16 +701,25 @@ in the initial predictions. Specifically, post-modeling will:
disaggregating back to the card level. For PINs with 3 or fewer
cards, the initial prediction of the *largest* card (plus the
building square footage of the remaining cards) is used as the
PIN-level estimate.

2. Ensure that nearly identical properties are identically valued. For
PIN-level estimate. For a more detailed explanation of multi-card
handling, see the [multi-card wiki entry](https://github.com/ccao-data/wiki/blob/master/Residential/Multi-Card%20PINs/multi_card_explainer.md).

2. Handle prorated PINs. When a single building spans multiple PINs,
each one technically contains only a portion of the structure. To
ensure fair valuation, the model's estimates are adjusted so that
the building’s total value is distributed proportionally across
its PINs. This involves calculating an average building-only value,
prorating it based on each PIN’s share, and then adding back
PIN-specific land value. For more detail, see the [proration wiki entry](https://github.com/ccao-data/wiki/blob/master/Residential/Proration/proration_explainer.md).

3. Ensure that nearly identical properties are identically valued. For
some property classes, such as 210 and 295s, we manually adjust
values such that all identical properties in the same complex
receive the same predicted value. This is accomplished by replacing
individual predicted values with the average predicted value for the
complex.

3. Round PIN-level values (typically to the nearest \$1,000). This is
4. Round PIN-level values (typically to the nearest \$1,000). This is
done to indicate that model values are *estimates*, not precise
values.

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