A Geographic Information System (GIS) is a framework for gathering, managing, and analyzing spatial and geographic data. GIS integrates numerous types of data to analyze locations and provide visualizations and insights into spatial relationships and patterns, which can be crucial for decision-making in various fields, including real estate.
Market research is the process of gathering, analyzing, and interpreting data concerning market conditions. It plays a crucial role in understanding market trends, identifying customer needs, and evaluating competitive landscapes.
Regression is a statistical technique used to estimate the relationships among variables. It is especially useful in real estate to predict property values based on factors like location, size, and age of a home.
