Automated Comparable Sales Analysis is predominantly based on what method?

Automated Comparable Sales Analysis predominantly relies on the AEP model, or regression analysis, because this method utilizes statistical techniques to analyze the relationships between property characteristics and their sale prices. Regression analysis effectively incorporates a variety of influential factors, such as location, property size, and condition, to derive a model that can predict property values based on comparable sales data.

This method allows for a systematic and objective approach to assess property values by leveraging large datasets. Automated systems can process and analyze these datasets quickly, generating valuation estimates that reflect current market trends and conditions. By using regression analysis, assessors can also identify patterns and trends that might not be immediately apparent when using more subjective or simplistic valuation methods.

In contrast, the other options involve methods that either do not rely on the same level of statistical analysis or pertain to different aspects of property valuation, making them less relevant to a comparison analysis approach.