Hedonic method

Topics

Concept

Name
Hedonic method en-NZ
Description

A regression model in which the market prices of different products are expressed as a function of their characteristics. The estimates may be used to predict the price of a new product for which the mix of characteristics is different from that of any product already on the market. The hedonic method can therefore be used to estimate the effects of quality changes on prices.

en-NZ

Appears Within

Information

http://dbpedia.org/
http://sw.opencyc.org/concept/
http://umbel.org/umbel/
http://en.wikipedia.org/wiki/
http://www.w3.org/2006/03/wn/wn20/

History

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Revision Date Responsibility Rationale
4 30/11/2021 3:38:40 PM
3 30/11/2021 3:32:02 PM