Using Hedonic Methods for Quality Adjustment in the CPI: The Consumer Audio Products Component - Couverture souple

Kokoski, Mary

 
9781249263807: Using Hedonic Methods for Quality Adjustment in the CPI: The Consumer Audio Products Component

Synopsis

There has been a strong recommendation that the BLS explore the use of hedonic regression methods for quality adjustment in the Consumer Price Index (CPI). Until recently data limitations have made this goal difficult to implement for many categories of goods and services. This paper reports the preliminary results of employing data purchased by BLS from an outside source to produce hedonic regression-based quality-adjusted price indices for consumer audio electronics products. The effects of hedonic-based quality adjustment are examined. Hedonic indices are derived directly from the regression coefficients, and compared to the adjusted CPI values. Issues of regression specification, and practical problems for CPI quality adjustment are also addressed.

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Autres éditions populaires du même titre

9781491214534: Using Hedonic Methods for Quality Adjustment in the CPI:The Consumer Audio Products Component

Edition présentée

ISBN 10 :  1491214538 ISBN 13 :  9781491214534
Editeur : CreateSpace Independent Publishi..., 2013
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