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AVM model details: Lubbock, Texas, United States

Performance metrics for AVMs in this location.

Model type

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List price estimation model

Estimates list prices in this location from historical data and market trends.

Key performance metrics

Median Absolute Percentage Error (M. MAPE)6.6%Half of our predictions are within this percentage of the actual value
Testing R² Score0.850How much of the price variation our model explains
Root Mean Square Error$85,129Average prediction error in the local currency
Mean Absolute Error$34,207Average absolute difference between predicted and actual

Accuracy distribution

Percentage of predictions within various error ranges

Within 5%40.4%
Within 10%63.9%
Within 15%77.5%
Within 20%85.6%

Prediction bias analysis

Does the model tend to overestimate or underestimate?

Mean Bias-$6,703Average prediction bias (+ means overestimate)
Median Bias-$490Typical prediction bias
Over-prediction Rate49.2%Percentage of predictions that are above the actual value
Under-prediction Rate50.8%Percentage of predictions that are below actual value

Error distribution percentiles

The absolute error amount at different percentiles - for example, '90th percentile: $50,000' means 90% of predictions have errors less than $50,000

Percentile10th25th50th75th90th95th
Error Amount$2,567$6,573$16,454$34,301$66,111$109,326

Model configuration & training

Training Samples9764
Testing Samples2147
Training R²0.980
Testing R²0.850
Last Updated2026-11-11

Additional performance metrics

Mean Absolute Percentage Error12.8%Average percentage error across all predictions
Forecast Standard Deviation$84,864Spread of prediction errors
Coefficient of Variation29.9%Relative variability of predictions
10th Percentile Error %1.1%10% of predictions have error less than this
90th Percentile Error %26.4%90% of predictions have error less than this