RCA
Elite Member
- Joined
- Jun 27, 2017
- Professional Status
- Certified General Appraiser
- State
- California
AI LLM’s have hit a wall, progress has slowed. The problem is that AI lacks a “real understanding of the reality underlying models.”
tinyurl.com
Yes, what I have been saying. If you put a data mining product like MARS (or anything else that comes under the umbrage of “AI”) in the hands of a statistician who does not have years of experience building models for real estate appraisal, - you shouldn’t expect reliable models.
It takes someone who knows both real estate appraisal and statistical data mining and has used both together to build valuation models.
That will remain a rare skill for sometime to come.
AI Scaling Hits Wall, Rumours Say. How Serious is it?
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tinyurl.com
Yes, what I have been saying. If you put a data mining product like MARS (or anything else that comes under the umbrage of “AI”) in the hands of a statistician who does not have years of experience building models for real estate appraisal, - you shouldn’t expect reliable models.
It takes someone who knows both real estate appraisal and statistical data mining and has used both together to build valuation models.
That will remain a rare skill for sometime to come.