Business, Management and Accounting
4 years ago

Unmatched new models drive inflation measurement accuracy in product areas.

RePEc: Research Papers in Economics
Hedonic Imputation versus Time Dummy Hedonic Indexes
Walter Diewert, Saeed Heravi, Mick Silver

Paper Summary

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Statistical offices use different methods to measure inflation for products with many models. Hedonic indexes are better for this. There are two main types: hedonic imputation (HI) and dummy time hedonic (HD) indexes. The results from these approaches can differ. The study explains why and discusses which approach to choose. It uses desktop PCs as an example.