Diagnostics for Hedonic Models Using an Example for Cars (Hedonic Regression)
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چکیده
منابع مشابه
Diagnostics for Hedonic Models Using an Example for Cars ( Hedonic Regression
Hedonic regression is a method used to determine the value of a good or service by breaking it down into its component parts. The value of each component is then determined separately through regression analysis. See Lancaster K [1], Griliches Z [2,3] and Diewert [4-6] for detail discussions on the development and application of hedonic prices. In addition, Moulton [7] provides a information on...
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A hedonic technique for calculating the consumer price index for second-hand cars was introduced in May 2003. The hedonic technique adjusts for quality by using regression analysis to measure the impact of product features on sale price. In this manner price changes that are due to quality shifts in specific features can be separated mathematically from “pure” price changes and purged. The foll...
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Economic models for hedonic markets characterize the pricing of bundles of attributes and the demand and supply of these attributes under different assumptions about market structure, preferences, and technology (see Jan Tinbergen [1956], Sherwin Rosen [1974], and Dennis Epple [1987] for contributions to this literature). While the theory is well formulated and delivers some elegant analytical ...
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Entropy Methods for Identifying Hedonic Models This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyranne’s reformulation of a hedonic model in the discrete case as a network flow problem in order to provide a proof of existence and integrality of a hedonic equilibrium and efficient computational techniques of hedonic prices. Second, elaborating on ...
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In the estimation of models with averaged data, weighted least squares is often used and recommended as a way of improving the e¢ciency of the estimator. However, if the size of the di¤erent groups is not conditionally independent of the regressand, consistent estimation may not be possible at all. It is argued that in the case of some leading examples of averaged data regression, consistent es...
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ژورنال
عنوان ژورنال: Biometrics & Biostatistics International Journal
سال: 2015
ISSN: 2378-315X
DOI: 10.15406/bbij.2015.2.00022