The Guru is In: Have Models, Will Travel

Well known regression modeling expert Robert Gloudemans (front) with City of Winnipeg staff Irene Toth, Mike San Filippo, Dan Kildaw and Greg Petzold

Irene Toth Mike SanFillipo

Well known regression modeling expert Robert Gloudemans (front) with City of Winnipeg staff Irene Toth, Mike San Filippo, Dan Kildaw and Greg Petzold

 

Phoenix-based consultant Robert “Bob” Gloudemans was  in Winnipeg recently(June 3-6), working with Winnipeg  modeling staff to review and critique their  2014 valuation  models, as well as looking for potential improvements for the future.

Bob is a partner in the firm Almy, Gloudemans, Jacobs & Denne, which works on a variety of property tax and assessment administration issues.

Bob has a lengthy history with the City of Winnipeg, and the well-known statistical software, SPSS. He built Winnipeg’s  first local multiple regression (mra) residential model for the North River Heights/Tuxedo area in the late 1990s; trained staff for the first full use of residential mra models for the 2002 reassessment; and has continued to be a valuable resource.

He is the author of Mass Appraisal of Real Property (IAAO, 1999),  the co-author of the IAAO textbook, Fundamentals of Mass Appraisal (2011), and is the author or co-author of numerous other textbooks, articles and IAAO standards.

Bob has worked from Ireland to Iceland to Edmonton to South Africa. And Bob is also a serious cyclist (fitting in well with the biking modelers)-he completed a coast to coast ride across the U.S. a few years ago.

The City of Winnipeg is currently using combined additive models for residential properties to value both vacant and improved properties. Multiplicative models are used for condominiums, non-residential land and rents. Regression models are also used as part of the analysis for developing vacancy, expenses and cap rates.

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