英语翻译CONCLUSIONThe contemporary models of real estate investment analysis all are grossly inadequate and are incapable of generating realistic estimates of the over-all rate of return on a real estate investment and the risk of that investment

英语翻译CONCLUSIONThe contemporary models of real estate investment analysis all are grossly inadequate and are incapable of generating realistic estimates of the over-all rate of return on a real estate investment and the risk of that investment
英语翻译
CONCLUSION
The contemporary models of real estate investment analysis all are grossly inadequate and are incapable of generating realistic estimates of the over-all rate of return on a real estate investment and the risk of that investment.
This paper has presented a method by which an analyst may realistically quantify his intuitive beliefs about the possible future profitability of a real estate property and may then have these intuitive beliefs transformed into statistically reliable estimates of the results of the investment by the use of a computerized analytical model which relies upon Monte Carlo simulation and statistical tests of validity.
It must be stressed,however,that while the model presented frees the analyst from labourious calculations,it in no way can generate reliable results if the basic input estimates are unreliable.As a consequence,it is hoped that tlns approach to the analysis of real estate investments will cause analysts to carefully develop their estimates of possible future incomes,expenses,and selling prices of a property and the associated probabilities.Reliable input estimates are the key to the ultimate value of this analytical model.

英语翻译CONCLUSIONThe contemporary models of real estate investment analysis all are grossly inadequate and are incapable of generating realistic estimates of the over-all rate of return on a real estate investment and the risk of that investment
结论
当代模型分析房地产投资都远远不够,并不能产生实际的估计的整体回报率的房地产投资的风险投资.
本文介绍的方法是,现实的分析师可能量化直观的信念他未来可能的盈利能力的不动产和可这些直观的信仰转化为可靠的估计数统计的结果,投资使用电脑分析模型,依靠Monte Carlo模拟和统计测试的有效性.
必须强调,虽然该模型提出释放分析师艰苦计算,它绝不可以产生可靠的结果,如果基本输入估计是不可靠的.因此,人们希望tlns的方法来分析房地产投资将导致分析师认真制定其未来可能的估计收入,费用和销售价格的财产和相关的概率.可靠的投入估计是关键的最终价值的分析模型.