International Journal of Applied Sciences & Development
E-ISSN: 2945-0454
Volume 4, 2025
The Role of Model Calibration in Mass Real Estate Assessment: A Case Study of the Republic of Moldova
Author:
Abstract: The purpose of this article is to highlight the essential role of the calibration stage in mathematical
modeling of real estate value for the ad valorem tax system. The analysis of a large-scale valuation project in
the Republic of Moldova highlights the need to apply calibration measures to models created by specialized
automated programs. Errors and deviations in results obtained from artificial intelligence bring the calibration
stage to the primary level to ensure accurate and reliable valuation, reflecting the fundamental dynamics of the
real estate market.