AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Hedonic regression3/11/2024 ![]() ![]() In 2008, a review of a part of method used to construct the index was undertaken, to ensure that the index remains relevant, given the fast evolving nature of computer technology. In 2003, the Australian Bureau of Statistics (ABS) introduced an hedonic price index for desktop computers into the Producer Price Indexes (PPI). When faced with the task of measuring prices for products that undergo rapid quality change (for example, consumer durables such as computers, whitegoods and cars), international best practice is to develop hedonic price indexes, provided suitable source data are available (Australian Bureau of Statistics, 2005). Quality change has long been recognised as perhaps the most serious measurement problem in estimating price indexes. ![]()
0 Comments
Read More
Leave a Reply. |