In Max Kummerow's above referenc Jo...

In Max Kummerow's above referenc Journal article (October 2002) he argues against traditional verbal definitions of market value and instead favors a statistical definition of value. near of the issues related to "thinking statistically" about definitions and valuations were analyzed in earlier works through Kummerow (1) and Colwell. (2) There are a number of important points in these articles, especially in Kummerow's, if it were not that it will be argued here that he has drawn too far-reaching conclusions in his in the greatest degree recent 2002 article.

Main arguments and conclusions in Kummerow (2000) (3)

The best definition of market value is a