prd: Calculate Price-Related Differential
In jh-206/taxr: Tax Assessment Ratio Analysis
Description
Usage
Arguments
Details
Value
Description
The price-related differential (PRD) is a measure of veritical equity, and is the mean divided by
the weighted mean.
Usage
1
Arguments
assessed
A numeric vector of assessment values.
saleprice
A numeric vector of sale prices.
na.rm
Logical value indicating whether NA values should be removed.
Details
The PRD is a measure of vertical equity. It is known to have a slight upward bias. For this reason,
the PRB is a regarded as a more reliable metric. PRD values above 1.03 are indicative of assessment regressivity,
while values below 0.98 is indicative of assessment progressivity.
Value
Numeric vector of length one.
jh-206/taxr documentation built on May 28, 2019, 12:22 p.m.
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Description Usage Arguments Details Value
Description
The price-related differential (PRD) is a measure of veritical equity, and is the mean divided by the weighted mean.
Usage
1 |
Arguments
assessed |
A numeric vector of assessment values. |
saleprice |
A numeric vector of sale prices. |
na.rm |
Logical value indicating whether NA values should be removed. |
Details
The PRD is a measure of vertical equity. It is known to have a slight upward bias. For this reason, the PRB is a regarded as a more reliable metric. PRD values above 1.03 are indicative of assessment regressivity, while values below 0.98 is indicative of assessment progressivity.
Value
Numeric vector of length one.
R Package Documentation
Browse R Packages
We want your feedback!
Note that we can't provide technical support on individual packages. You should contact the package authors for that.
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