How is RentPredict.com able to be so accurate (have a high KS)?
It’s in the Data Statistical Regression… The RentPredict.com score is created using statistacl regression. In order for it to be highly accurate, it requires detailed outcome and past behavior data, such as RentBureau’s rental data which shows how people have behaved in the past. This detailed outcome data statistically quantifies what information from the past will best predict future behavior. Unlike others, RentPredict.com has access to the largest database of outcome behavioral data, as well as past behavior data. RentBureau’s millions of nationwide resident records are provided directly from apartment companies so they are accurate. This data allowed RentPredict.com to build the highly accurate algorithm, the RentPredict.com score, using statistical regression, for predicting how someone will pay their rent. Each RentPredict.com score is based on your specific applicant’s past behaviors and therefore predicts how they will pay as a renter..
