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Using Hedonic Methods for Quality Adjustment in the CPI: The Consumer Audio Products Component by Mary Kokoski (Paperback, 2012)

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About this product

Product Information

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.

Product Identifiers

Publisher
Bibliogov
ISBN-13
9781249263807
eBay Product ID (ePID)
138826388

Product Key Features

Author
Mary Kokoski
Publication Name
Using Hedonic Methods for Quality Adjustment in the Cpi: the Consumer Audio Products Component
Format
Paperback
Language
English
Subject
Government
Publication Year
2012
Type
Textbook

Dimensions

Item Height
246mm
Item Width
189mm
Item Weight
118g

Additional Product Features

Title_Author
Mary Kokoski
Country/Region of Manufacture
United States

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