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What is the noise-versus-lag trade-off in individual

Question: What is the noise-versus-lag trade-off in individual property appraisal? How is this related to the ‘‘Square Root of n Rule''? Which of these two types of error is relatively more important at the micro-level of individual property value estimation? What about at the macro-level of static portfolio value estimation as the aggregation of the appraised values of individual properties in the portfolio?

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