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{{Redirect|Accuracy|the song by The Cure|Three Imaginary Boys}}
 
[[Image:Accuracy and precision.svg|thumb|300px|Accuracy is the proximity of measurement results to the true value; precision, the repeatability, or reproducibility of the measurement]]
In the fields of [[science]], [[engineering]], [[industry]], and [[statistics]], the '''accuracy'''<ref name=metrology_terms>''[http://www.bipm.org/utils/common/documents/jcgm/JCGM_200_2008.pdf JCGM 200:2008 International vocabulary of metrology] — Basic and general concepts and associated terms (VIM)</ref> of a [[measurement]] system is the degree of closeness of measurements of a [[quantity]] to that quantity's actual (true) [[value (mathematics)|value]]. The '''precision'''<ref name=metrology_terms /> of a measurement system, also called [[reproducibility]] or [[repeatability]], is the degree to which repeated measurements under unchanged conditions show the same [[result]]s.<ref name=Taylor>{{cite book  |title=An Introduction to Error Analysis: The Study of Uncertainties in Physical Measurements |author=John Robert Taylor |url=http://books.google.com/books?id=giFQcZub80oC&pg=PA128 |pages=128–129 |isbn=0-935702-75-X |year=1999 |publisher=University Science Books}}</ref>  Although the two words precision and accuracy can be [[synonymous]] in [[colloquial]] use, they are deliberately contrasted in the context of the [[scientific method]].
 
A measurement system can be accurate but not precise, precise but not accurate, neither, or both. For example, if an [[experiment]] contains a [[systematic error]], then increasing the [[sample size]] generally increases precision but does not improve accuracy. The result would be a consistent yet inaccurate string of results from the flawed experiment.  Eliminating the systematic error improves accuracy but does not change precision.
 
A measurement system is considered ''valid'' if it is both ''accurate'' and ''precise''. Related terms include ''bias'' (non-[[random]] or directed effects caused by a factor or factors unrelated to the [[independent variable]]) and ''error'' (random variability).
 
The terminology is also applied to indirect measurements—that is, values obtained by a computational procedure from observed data.
 
In addition to accuracy and precision, measurements may also have a [[Sensor#Resolution|measurement resolution]], which is the smallest change in the underlying physical quantity that produces a response in the measurement.
 
In [[numerical analysis]], accuracy is also the nearness of a calculation to the true value; while precision is the resolution of the representation, typically defined by the number of decimal or binary digits.
 
==Quantification==
{{see also|False precision}}
In industrial instrumentation: Accuracy is the measurement tolerance, or transmission of the instrument and defines the limits of the errors made when the instrument is used in normal operating conditions, according to the book of industrial instrumentation Antonio Creus.
 
Ideally a measurement device is both accurate and precise, with measurements all close to and tightly clustered around the known value. The accuracy and precision of a measurement process is usually established by repeatedly measuring some [[traceability|traceable]] reference [[Technical standard|standard]]. Such standards are defined in the [[SI|International System of Units]] (abbreviated SI from French: Système international d'unités) and maintained by national [[standards organization]]s such as the [[National Institute of Standards and Technology]] in the [[United States]].
 
This also applies when measurements are repeated and averaged. In that case, the term [[standard error (statistics)|standard error]] is properly applied: the precision of the average is equal to the known standard deviation of the process divided by the square root of the number of measurements averaged. Further, the [[central limit theorem]] shows that the [[probability distribution]] of the averaged measurements will be closer to a normal distribution than that of individual measurements.
 
With regard to accuracy we can distinguish:
*the difference between the [[mean]] of the measurements and the reference value, the [[bias of an estimator|bias]]. Establishing and correcting for bias is necessary for [[calibration]].
*the combined effect of that and precision.
 
A common convention in science and engineering is to express accuracy and/or precision implicitly by means of [[significant figures]]. Here, when not explicitly stated, the margin of error is understood to be one-half the value of the last significant place. For instance, a recording of 843.6&nbsp;m, or 843.0&nbsp;m, or 800.0&nbsp;m would imply a margin of 0.05&nbsp;m (the last significant place is the tenths place), while a recording of 8,436&nbsp;m would imply a margin of error of 0.5&nbsp;m (the last significant digits are the units).
 
A reading of 8,000&nbsp;m, with trailing zeroes and no decimal point, is ambiguous; the trailing zeroes may or may not be intended as significant figures. To avoid this ambiguity, the number could be represented in scientific notation: 8.0&nbsp;&times;&nbsp;10<sup>3</sup>&nbsp;m indicates that the first zero is significant (hence a margin of 50&nbsp;m) while 8.000&nbsp;&times;&nbsp;10<sup>3</sup>&nbsp;m indicates that all three zeroes are significant, giving a margin of 0.5&nbsp;m. Similarly, it is possible to use a multiple of the basic measurement unit: 8.0&nbsp;km is equivalent to 8.0&nbsp;&times;&nbsp;10<sup>3</sup>&nbsp;m. In fact, it indicates a margin of 0.05&nbsp;km (50&nbsp;m). However, reliance on this convention can lead to [[false precision]] errors when accepting data from sources that do not obey it.
 
Precision is sometimes stratified into:
*''Repeatability'' &mdash; the variation arising when all efforts are made to keep conditions constant by using the same instrument and operator, and repeating during a short time period; and
*''Reproducibility'' &mdash; the variation arising using the same measurement process among different instruments and operators, and over longer time periods.
 
==Terminology of ISO 5725==
[[File:Accuracy (trueness and precision).svg|300px|thumb|right|According to ISO 5725-1, Accuracy consists of Trueness (proximity of measurement results to the true value) and Precision (repeatability or reproducibility of the measurement)]]
A shift in the meaning of these terms appeared with the publication of the ISO 5725 series of standards, which is also reflected in the 2008 issue of the "BIPM International Vocabulary of Metrology" (VIM), items 2.13 and 2.14. <ref name="metrology_terms"/>
 
According to ISO 5725-1,<ref>BS ISO 5725-1: "Accuracy (trueness and precision) of measurement methods and reults - Part 1: General principles and definitions", pp.1 (1994)</ref> the terms '''trueness''' and '''precision''' are used to describe the '''accuracy''' of a measurement. Trueness refers to the closeness of the mean of the measurement results to the actual (true) value and precision refers to the closeness of agreement within individual results. Therefore, according to the ISO standard, the term "accuracy" refers to both trueness and precision.
 
ISO 5725-1 also avoids the use of the term '''bias''', because it has different connotations outside the fields of science and engineering, as in medicine and law.
 
{{Gallery
|title=Accuracy according to BIPM and ISO 5725
|width=150 
|align=center
| File:High accuracy Low precision.svg|Low accuracy: good trueness, poor precision
| File:High precision Low accuracy.svg|Low accuracy: poor trueness, good precision
}}
 
==In binary classification==
''Accuracy'' is also used as a statistical measure of how well a [[binary classification]] test correctly identifies or excludes a condition.
 
{{DiagnosticTesting_Diagram}}
 
That is, the accuracy is the proportion of true results (both [[true positive]]s and [[true negative]]s) in the population. To make the context clear by the semantics, it is often referred to as the "Rand Accuracy". It is a parameter of the test.
 
:<math>\text{accuracy}=\frac{\text{number of true positives}+\text{number of true negatives}}{\text{number of true positives}+\text{false positives} + \text{false negatives} + \text{true negatives}}</math>
 
On the other hand, precision or [[positive predictive value]] is defined as the proportion of the true positives against all the positive results (both true positives and [[false positive]]s)
 
:<math>\text{precision}=\frac{\text{number of true positives}}{\text{number of true positives}+\text{false positives}}</math>
 
An accuracy of 100% means that the measured values are exactly the same as the given values.
 
Also see [[Sensitivity and specificity]].
 
Accuracy may be determined from Sensitivity and Specificity, provided [[Prevalence]] is known, using the equation:
 
:<math>\text{accuracy}=(\text{sensitivity})(\text{prevalence}) + (\text{specificity})(1-\text{prevalence}) </math>
 
The [[accuracy paradox]] for [[predictive analytics]] states that predictive models with a given level of accuracy may have greater [[predictive power]] than models with higher accuracy. It may be better to avoid the accuracy metric in favor of other metrics such as [[precision and recall]].{{Citation needed|date=January 2011}}  In situations where the minority class is more important, [[F-measure]] may be more appropriate, especially in situations with very skewed class imbalance.
 
Another useful performance measure is the ''balanced accuracy'' which avoids inflated performance estimates on imbalanced datasets. It is defined as the arithmetic mean of sensitivity and specificity, or the average accuracy obtained on either class:
 
:<math>\text{balanced accuracy}=\frac{\text{sensitivity} + \text{specificity}}{2}</math>
 
:<math>= \frac{0.5*\text{true positives}}{\text{true positives}+\text{false negatives}} + \frac{0.5*\text{true negatives}}{\text{true negatives}+\text{false positives}} </math>
 
If the classifier performs equally well on either class, this term reduces to the conventional accuracy (i.e., the number of correct predictions divided by the total number of predictions). In contrast, if the conventional accuracy is above chance ''only'' because the classifier takes advantage of an imbalanced test set, then the balanced accuracy, as appropriate, will drop to chance.<ref>K.H. Brodersen, C.S. Ong, K.E. Stephan, J.M. Buhmann (2010). [http://www.icpr2010.org/pdfs/icpr2010_WeBCT8.62.pdf The balanced accuracy and its posterior distribution]. ''Proceedings of the 20th International Conference on Pattern Recognition'', 3121-3124.</ref> A closely related chance corrected measure is:
 
:<math>\text{Informedness} = \text{sensitivity} + \text{specificity} - 1=2*\text{balanced accuracy}-1</math><ref name="Powers2007">{{cite journal |first=David M W |last=Powers |date=2007/2011 |title=Evaluation: From Precision, Recall and F-Measure  to ROC, Informedness, Markedness & Correlation |journal=Journal of Machine Learning Technologies |volume=2 |issue=1 |pages=37–63 |url=http://www.bioinfo.in/uploadfiles/13031311552_1_1_JMLT.pdf}}</ref>
A direct approach to debiasing and renormalizing Accuracy is [[Cohen's kappa]], whilst Informedness has been shown to be a Kappa-family debiased renormalization of Recall.<ref>{{cite conference |first=David M. W. |last=Powers |year=2012 |title=The Problem with Kappa |booktitle=Conference of the European Chapter of the Association for Computational Linguistics (EACL2012) Joint ROBUS-UNSUP Workshop}}</ref> Informedness and Kappa have the advantage that chance level is defined to be 0, and they have the form of a probability.  Informedness has the stronger property that it is the probability that an informed decision is made (rather than a guess), when positive.  When negative this is still true for the absolutely value of Informedness, but the information has been used to force an incorrect response.<ref name="Powers2007"/>
 
==In psychometrics and psychophysics==
In [[psychometrics]] and [[psychophysics]], the term ''accuracy'' is interchangeably used with [[Validity (statistics)|validity]] and ''constant error''. ''Precision'' is a synonym for [[Reliability (statistics)|reliability]] and ''variable error''. The validity of a measurement instrument or psychological test is established through experiment or correlation with behavior. Reliability is established with a variety of statistical techniques, classically through an internal consistency test like [[Cronbach's alpha]] to ensure sets of related questions have related responses, and then comparison of those related question between reference and target population.{{Citation needed|date=July 2009}}
 
==In logic simulation==
 
In [[logic simulation]], a common mistake in evaluation of accurate models is to compare a [[electronic circuit simulation|logic simulation model]] to a [[transistor]] [[transistor models|circuit simulation model]]. This is a comparison of differences in precision, not accuracy. Precision is measured with respect to detail and accuracy is measured with respect to reality.<ref>John M. Acken, Encyclopedia of Computer Science and Technology, Vol 36, 1997, page 281-306</ref><ref>1990 Workshop on Logic-Level Modelling for ASICS, Mark Glasser, Rob Mathews, and John M. Acken, SIGDA Newsletter, Vol 20. Number 1, June 1990</ref>
 
==In information systems==
{{confusing|date=March 2013}}
The concepts of accuracy and precision have also been studied in the context of data bases, information systems and their sociotechnical context. The necessary extension of these two concepts on the basis of theory of science suggests that they (as well as [[data quality]] and [[information quality]]) should be centered on accuracy defined as the closeness to the true value seen as the degree of agreement of readings or of calculated values of one same conceived entity, measured or calculated by different methods, in the context of maximum possible disagreement.<ref>[[Kristo Ivanov|Ivanov, K.]] (1972). [http://www.informatik.umu.se/~kivanov/diss-avh.html "Quality-control of information: On the concept of accuracy of information in data banks and in management information systems"].</ref>
{{further|Precision and recall}}
 
==See also==
* [[Accepted and experimental value]]
* [[Engineering tolerance]]
* [[Exactness]]
* [[Experimental uncertainty analysis]]
* [[F-score]]
* [[Precision (statistics)]]
* [[Sensitivity and specificity]]
* [[Statistical significance]]
* [[Significant figures]]
* [[Probability]]
* [[Measurement uncertainty]]
 
==References==
{{reflist}}
 
==External links==
{{Wiktionary|accuracy||precision}}
* [http://www.bipm.org/en/publications/guides/ BIPM - Guides in metrology] - Guide to the Expression of Uncertainty in Measurement (GUM) and International Vocabulary of Metrology (VIM)
* [http://img.en25.com/Web/Vaisala/NIST-article.pdf "Beyond NIST Traceability: What really creates accuracy"] - ''Controlled Environments magazine''
* [http://www.yorku.ca/psycho Precision and Accuracy with Three Psychophysical Methods]
* [http://physics.nist.gov/Pubs/guidelines/appd.1.html Guidelines for Evaluating and Expressing the Uncertainty of NIST Measurement Results, Appendix D.1: Terminology]
* [http://digipac.ca/chemical/sigfigs/contents.htm Accuracy and Precision]
* [http://www.youtube.com/watch?v=_LL0uiOgh1E&feature=youtube_gdata_player Accuracy vs Precision] — a brief, clear video by Matt Parker
 
{{DEFAULTSORT:Accuracy And Precision}}
[[Category:Biostatistics]]
[[Category:Metrology]]
[[Category:Psychometrics]]
[[Category:Evaluation]]
[[Category:Critical thinking]]
[[Category:Qualities of thought]]
[[Category:Uncertainty of numbers]]
[[Category:Measurement]]
[[Category:Summary statistics for contingency tables]]

Revision as of 21:55, 23 November 2013

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Accuracy is the proximity of measurement results to the true value; precision, the repeatability, or reproducibility of the measurement

In the fields of science, engineering, industry, and statistics, the accuracy[1] of a measurement system is the degree of closeness of measurements of a quantity to that quantity's actual (true) value. The precision[1] of a measurement system, also called reproducibility or repeatability, is the degree to which repeated measurements under unchanged conditions show the same results.[2] Although the two words precision and accuracy can be synonymous in colloquial use, they are deliberately contrasted in the context of the scientific method.

A measurement system can be accurate but not precise, precise but not accurate, neither, or both. For example, if an experiment contains a systematic error, then increasing the sample size generally increases precision but does not improve accuracy. The result would be a consistent yet inaccurate string of results from the flawed experiment. Eliminating the systematic error improves accuracy but does not change precision.

A measurement system is considered valid if it is both accurate and precise. Related terms include bias (non-random or directed effects caused by a factor or factors unrelated to the independent variable) and error (random variability).

The terminology is also applied to indirect measurements—that is, values obtained by a computational procedure from observed data.

In addition to accuracy and precision, measurements may also have a measurement resolution, which is the smallest change in the underlying physical quantity that produces a response in the measurement.

In numerical analysis, accuracy is also the nearness of a calculation to the true value; while precision is the resolution of the representation, typically defined by the number of decimal or binary digits.

Quantification

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Ideally a measurement device is both accurate and precise, with measurements all close to and tightly clustered around the known value. The accuracy and precision of a measurement process is usually established by repeatedly measuring some traceable reference standard. Such standards are defined in the International System of Units (abbreviated SI from French: Système international d'unités) and maintained by national standards organizations such as the National Institute of Standards and Technology in the United States.

This also applies when measurements are repeated and averaged. In that case, the term standard error is properly applied: the precision of the average is equal to the known standard deviation of the process divided by the square root of the number of measurements averaged. Further, the central limit theorem shows that the probability distribution of the averaged measurements will be closer to a normal distribution than that of individual measurements.

With regard to accuracy we can distinguish:

  • the difference between the mean of the measurements and the reference value, the bias. Establishing and correcting for bias is necessary for calibration.
  • the combined effect of that and precision.

A common convention in science and engineering is to express accuracy and/or precision implicitly by means of significant figures. Here, when not explicitly stated, the margin of error is understood to be one-half the value of the last significant place. For instance, a recording of 843.6 m, or 843.0 m, or 800.0 m would imply a margin of 0.05 m (the last significant place is the tenths place), while a recording of 8,436 m would imply a margin of error of 0.5 m (the last significant digits are the units).

A reading of 8,000 m, with trailing zeroes and no decimal point, is ambiguous; the trailing zeroes may or may not be intended as significant figures. To avoid this ambiguity, the number could be represented in scientific notation: 8.0 × 103 m indicates that the first zero is significant (hence a margin of 50 m) while 8.000 × 103 m indicates that all three zeroes are significant, giving a margin of 0.5 m. Similarly, it is possible to use a multiple of the basic measurement unit: 8.0 km is equivalent to 8.0 × 103 m. In fact, it indicates a margin of 0.05 km (50 m). However, reliance on this convention can lead to false precision errors when accepting data from sources that do not obey it.

Precision is sometimes stratified into:

  • Repeatability — the variation arising when all efforts are made to keep conditions constant by using the same instrument and operator, and repeating during a short time period; and
  • Reproducibility — the variation arising using the same measurement process among different instruments and operators, and over longer time periods.

Terminology of ISO 5725

According to ISO 5725-1, Accuracy consists of Trueness (proximity of measurement results to the true value) and Precision (repeatability or reproducibility of the measurement)

A shift in the meaning of these terms appeared with the publication of the ISO 5725 series of standards, which is also reflected in the 2008 issue of the "BIPM International Vocabulary of Metrology" (VIM), items 2.13 and 2.14. [1]

According to ISO 5725-1,[3] the terms trueness and precision are used to describe the accuracy of a measurement. Trueness refers to the closeness of the mean of the measurement results to the actual (true) value and precision refers to the closeness of agreement within individual results. Therefore, according to the ISO standard, the term "accuracy" refers to both trueness and precision.

ISO 5725-1 also avoids the use of the term bias, because it has different connotations outside the fields of science and engineering, as in medicine and law.

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I at all times believe in networking and co-broking my properties with all my fellow property agents. I want to keep you inform as soon as there's a property listed with me in order to find a match to your patrons or tenants, at the shortest attainable time. Vice-versa, I might e-mail you when I have consumers or tenants in search of any explicit properties. In this way, we are able to cooperate and assist each other and thus saving a lot of our time & prices in looking out and advertising. H ence, I wish to invite you to join MY Singapore Property Actual Estate Community Lists Merely just fill in the kind below and undergo me. I'm trying forward to working with you quickly!

Many owners select an actual estate agent who tells them the very best value, or one who charged the bottom fee. Stay away from an agent who promise you that your home can fetch greater than the market worth. That agent just wants your small business. You will find yourself not with the ability to sell your home for a number of months, then the agent will convince you to lower your asking value. His suggestion? Cash out and use part of the profits as downpayment for a brand new home. Make investments the remainder in one other property to gather lease. Consumers can borrow as much as eighty per cent of the value of their first private residential property, and 60 per cent for the second. Kelvin points out that there isn't a such cap for business properties as long as you meet the financial institution's mortgage criteria.

In binary classification

Accuracy is also used as a statistical measure of how well a binary classification test correctly identifies or excludes a condition.

Template:DiagnosticTesting Diagram

That is, the accuracy is the proportion of true results (both true positives and true negatives) in the population. To make the context clear by the semantics, it is often referred to as the "Rand Accuracy". It is a parameter of the test.

On the other hand, precision or positive predictive value is defined as the proportion of the true positives against all the positive results (both true positives and false positives)

An accuracy of 100% means that the measured values are exactly the same as the given values.

Also see Sensitivity and specificity.

Accuracy may be determined from Sensitivity and Specificity, provided Prevalence is known, using the equation:

The accuracy paradox for predictive analytics states that predictive models with a given level of accuracy may have greater predictive power than models with higher accuracy. It may be better to avoid the accuracy metric in favor of other metrics such as precision and recall.Potter or Ceramic Artist Truman Bedell from Rexton, has interests which include ceramics, best property developers in singapore developers in singapore and scrabble. Was especially enthused after visiting Alejandro de Humboldt National Park. In situations where the minority class is more important, F-measure may be more appropriate, especially in situations with very skewed class imbalance.

Another useful performance measure is the balanced accuracy which avoids inflated performance estimates on imbalanced datasets. It is defined as the arithmetic mean of sensitivity and specificity, or the average accuracy obtained on either class:

If the classifier performs equally well on either class, this term reduces to the conventional accuracy (i.e., the number of correct predictions divided by the total number of predictions). In contrast, if the conventional accuracy is above chance only because the classifier takes advantage of an imbalanced test set, then the balanced accuracy, as appropriate, will drop to chance.[4] A closely related chance corrected measure is:

[5]

A direct approach to debiasing and renormalizing Accuracy is Cohen's kappa, whilst Informedness has been shown to be a Kappa-family debiased renormalization of Recall.[6] Informedness and Kappa have the advantage that chance level is defined to be 0, and they have the form of a probability. Informedness has the stronger property that it is the probability that an informed decision is made (rather than a guess), when positive. When negative this is still true for the absolutely value of Informedness, but the information has been used to force an incorrect response.[5]

In psychometrics and psychophysics

In psychometrics and psychophysics, the term accuracy is interchangeably used with validity and constant error. Precision is a synonym for reliability and variable error. The validity of a measurement instrument or psychological test is established through experiment or correlation with behavior. Reliability is established with a variety of statistical techniques, classically through an internal consistency test like Cronbach's alpha to ensure sets of related questions have related responses, and then comparison of those related question between reference and target population.Potter or Ceramic Artist Truman Bedell from Rexton, has interests which include ceramics, best property developers in singapore developers in singapore and scrabble. Was especially enthused after visiting Alejandro de Humboldt National Park.

In logic simulation

In logic simulation, a common mistake in evaluation of accurate models is to compare a logic simulation model to a transistor circuit simulation model. This is a comparison of differences in precision, not accuracy. Precision is measured with respect to detail and accuracy is measured with respect to reality.[7][8]

In information systems

I'm Robin and was born on 14 August 1971. My hobbies are Disc golf and Hooping.

My web site - http://www.hostgator1centcoupon.info/ The concepts of accuracy and precision have also been studied in the context of data bases, information systems and their sociotechnical context. The necessary extension of these two concepts on the basis of theory of science suggests that they (as well as data quality and information quality) should be centered on accuracy defined as the closeness to the true value seen as the degree of agreement of readings or of calculated values of one same conceived entity, measured or calculated by different methods, in the context of maximum possible disagreement.[9] 47 year-old Podiatrist Hyslop from Alert Bay, has lots of hobbies and interests that include fencing, property developers in condo new launch singapore and handball. Just had a family trip to Monasteries of Haghpat and Sanahin.

See also

References

43 year old Petroleum Engineer Harry from Deep River, usually spends time with hobbies and interests like renting movies, property developers in singapore new condominium and vehicle racing. Constantly enjoys going to destinations like Camino Real de Tierra Adentro.

External links

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Via PropNex International, we continually construct on our fame in the international property enviornment. Click here for more of our abroad initiatives. Instances have modified. We don't see those unlawful hawkers anymore. Instead, nicely dressed property brokers were seen reaching out to people visiting the market in the morning. Real estate can be a lonely enterprise and it is straightforward to really feel demoralised, especially when there are no enquiries despite your greatest effort in advertising your shopper's property. That is the place having the fitting assist from fellow associates is essential. Our firm offers administration services for condominiums and apartments. With a crew of qualified folks, we assist to make your estate a nicer place to stay in. HDB Flat for Hire 2 Rooms

Achievers are all the time the first to check new technologies & providers that can help them enhance their sales. When property guru first began, many brokers didn't consider in it until they began listening to other colleagues getting unbelievable outcomes. Most brokers needs to see proof first, before they dare to take the first step in attempting. These are often the late comers or late adopters. There is a purpose why top achievers are heading the wave or heading the best way. Just because they try new properties in singapore issues ahead of others. The rest just observe after!

Firstly, a Fraudulent Misrepresentation is one that is made knowingly by the Representor that it was false or if it was made without belief in its fact or made recklessly without concerning whether or not it is true or false. For instance estate agent A told the potential consumers that the tenure of a landed property they are considering is freehold when it is really one with a ninety nine-yr leasehold! A is responsible of constructing a fraudulent misrepresentation if he is aware of that the tenure is the truth is a ninety nine-yr leasehold instead of it being freehold or he didn't consider that the tenure of the house was freehold or he had made the assertion with out caring whether or not the tenure of the topic property is in fact freehold.

I such as you to be, am a brand new projects specialist. You've got the conception that new tasks personnel should be showflat certain. Should you're eager, let me train you the right way to master the entire show flats island vast as a substitute of getting to stay just at 1 place. Is that attainable you may ask, well, I've achieved it in 6 months, you can too. Which company is well-recognized and is actually dedicated for developing rookie within the industry in venture sales market with success? Can a rookie join the company's core group from day one? I wish to propose a third class, which I have been grooming my agents in the direction of, and that is as a Huttons agent, you will be able to market and have knowledge of ALL Huttons projects, and if essential, projects exterior of Huttons as properly.

GPS has assembled a high workforce of personnel who are additionally well-known figures in the native actual property scene to pioneer this up-and-coming organization. At GPS Alliance, WE LEAD THE WAY! Many people have asked me how I managed to earn S$114,000 from my sales job (my third job) at age 24. The reply is easy. After graduation from NUS with a Historical past diploma, my first job was in actual estate. Within the ultimate part of this series, I interview one of the top agents in ERA Horizon Group and share with you the secrets to his success! Learn it RIGHT HERE

Notice that the application must be submitted by the appointed Key Government Officer (KEO) such as the CEO, COO, or MD. Once the KEO has submitted the mandatory paperwork and assuming all documents are in order, an email notification shall be sent stating that the applying is permitted. No hardcopy of the license might be issued. A delicate-copy could be downloaded and printed by logging into the CEA website. It takes roughly four-6 weeks to course of an utility.

  1. 1.0 1.1 1.2 JCGM 200:2008 International vocabulary of metrology — Basic and general concepts and associated terms (VIM)
  2. 20 year-old Real Estate Agent Rusty from Saint-Paul, has hobbies and interests which includes monopoly, property developers in singapore and poker. Will soon undertake a contiki trip that may include going to the Lower Valley of the Omo.

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  3. BS ISO 5725-1: "Accuracy (trueness and precision) of measurement methods and reults - Part 1: General principles and definitions", pp.1 (1994)
  4. K.H. Brodersen, C.S. Ong, K.E. Stephan, J.M. Buhmann (2010). The balanced accuracy and its posterior distribution. Proceedings of the 20th International Conference on Pattern Recognition, 3121-3124.
  5. 5.0 5.1 One of the biggest reasons investing in a Singapore new launch is an effective things is as a result of it is doable to be lent massive quantities of money at very low interest rates that you should utilize to purchase it. Then, if property values continue to go up, then you'll get a really high return on funding (ROI). Simply make sure you purchase one of the higher properties, reminiscent of the ones at Fernvale the Riverbank or any Singapore landed property Get Earnings by means of Renting

    In its statement, the singapore property listing - website link, government claimed that the majority citizens buying their first residence won't be hurt by the new measures. Some concessions can even be prolonged to chose teams of consumers, similar to married couples with a minimum of one Singaporean partner who are purchasing their second property so long as they intend to promote their first residential property. Lower the LTV limit on housing loans granted by monetary establishments regulated by MAS from 70% to 60% for property purchasers who are individuals with a number of outstanding housing loans on the time of the brand new housing purchase. Singapore Property Measures - 30 August 2010 The most popular seek for the number of bedrooms in Singapore is 4, followed by 2 and three. Lush Acres EC @ Sengkang

    Discover out more about real estate funding in the area, together with info on international funding incentives and property possession. Many Singaporeans have been investing in property across the causeway in recent years, attracted by comparatively low prices. However, those who need to exit their investments quickly are likely to face significant challenges when trying to sell their property – and could finally be stuck with a property they can't sell. Career improvement programmes, in-house valuation, auctions and administrative help, venture advertising and marketing, skilled talks and traisning are continuously planned for the sales associates to help them obtain better outcomes for his or her shoppers while at Knight Frank Singapore. No change Present Rules

    Extending the tax exemption would help. The exemption, which may be as a lot as $2 million per family, covers individuals who negotiate a principal reduction on their existing mortgage, sell their house short (i.e., for lower than the excellent loans), or take part in a foreclosure course of. An extension of theexemption would seem like a common-sense means to assist stabilize the housing market, but the political turmoil around the fiscal-cliff negotiations means widespread sense could not win out. Home Minority Chief Nancy Pelosi (D-Calif.) believes that the mortgage relief provision will be on the table during the grand-cut price talks, in response to communications director Nadeam Elshami. Buying or promoting of blue mild bulbs is unlawful.

    A vendor's stamp duty has been launched on industrial property for the primary time, at rates ranging from 5 per cent to 15 per cent. The Authorities might be trying to reassure the market that they aren't in opposition to foreigners and PRs investing in Singapore's property market. They imposed these measures because of extenuating components available in the market." The sale of new dual-key EC models will even be restricted to multi-generational households only. The models have two separate entrances, permitting grandparents, for example, to dwell separately. The vendor's stamp obligation takes effect right this moment and applies to industrial property and plots which might be offered inside three years of the date of buy. JLL named Best Performing Property Brand for second year running

    The data offered is for normal info purposes only and isn't supposed to be personalised investment or monetary advice. Motley Fool Singapore contributor Stanley Lim would not personal shares in any corporations talked about. Singapore private home costs increased by 1.eight% within the fourth quarter of 2012, up from 0.6% within the earlier quarter. Resale prices of government-built HDB residences which are usually bought by Singaporeans, elevated by 2.5%, quarter on quarter, the quickest acquire in five quarters. And industrial property, prices are actually double the levels of three years ago. No withholding tax in the event you sell your property. All your local information regarding vital HDB policies, condominium launches, land growth, commercial property and more

    There are various methods to go about discovering the precise property. Some local newspapers (together with the Straits Instances ) have categorised property sections and many local property brokers have websites. Now there are some specifics to consider when buying a 'new launch' rental. Intended use of the unit Every sale begins with 10 p.c low cost for finish of season sale; changes to 20 % discount storewide; follows by additional reduction of fiftyand ends with last discount of 70 % or extra. Typically there is even a warehouse sale or transferring out sale with huge mark-down of costs for stock clearance. Deborah Regulation from Expat Realtor shares her property market update, plus prime rental residences and houses at the moment available to lease Esparina EC @ Sengkang
  6. 55 years old Systems Administrator Antony from Clarence Creek, really loves learning, PC Software and aerobics. Likes to travel and was inspired after making a journey to Historic Ensemble of the Potala Palace.

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  7. John M. Acken, Encyclopedia of Computer Science and Technology, Vol 36, 1997, page 281-306
  8. 1990 Workshop on Logic-Level Modelling for ASICS, Mark Glasser, Rob Mathews, and John M. Acken, SIGDA Newsletter, Vol 20. Number 1, June 1990
  9. Ivanov, K. (1972). "Quality-control of information: On the concept of accuracy of information in data banks and in management information systems".