Question：
The real estate index most likely to suffer from sample selection bias is a(n):
A. REIT index.
B. repeat sales index.
C. appraisal index.
Answer = B
Only properties that sell in each period and are included in the index and vary over time which may not be representative of the whole market
CFA Level I
“Introduction to Alternative Investments,” by Terri Duhon, George Spentzos, and Scott D. Stewart
Section 5
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