European Parliament Library

Hedonic Imputation versus Time Dummy Hedonic Indexes, W. E. Diewert, Mick Silver, Saeed Heravi

Abstract
Statistical offices try to match item models when measuring inflation between two periods. However, for product areas with a high turnover of differentiated models, the use of hedonic indexes is more appropriate since they include unmatched new and old models. There are two main competing approaches to hedonic indexes are hedonic imputation (HI) indexes and dummy time hedonic (HD) indexes. This study provides a formal analysis of exactly why the results from the two approaches may differ and discusses the issue of choice between these approaches. An illustrative study for desktop PCs is provided
Table Of Contents
Contents; I. Introduction; II. Unweighted Time Dummy Hedonic Regressions; III. Unweighted Hedonic Imputation Indexes; IV. Weighted Time Dummy Hedonic Regressions; V. Weighted Hedonic Imputation Indexes; VI. Empirical Illustration: Desktop Personal Computers (PCs); VII. Concluding Remarks on the Choice Between Hedonic Imputation Indexes and Hedonic Dummy Hedonic Indexes; Appendixes; I. An Alternative Interpretation of the Hedonic Imputation Estimate of Log Price Change
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (38 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613824332

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
    Borrow
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
    Borrow
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
    Borrow