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Summary The reality of limited data ensures that both econometric‐based valuation and forecasting are inadvisable. A linear programming approach involves some redefinition of the problem, the valuation, the forecast, optimality and the relevance of particular comparable sales. It can incorporate qualitative, and interaction, property characteristics. The whole analysis should be presented so that data, methodology and client advice are explicitly stated.
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D.G. Wiltshaw (1991) studied this question.
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