The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes /

Saved in:

Bibliographic Details
Author / Creator:	Heravi, Saeed.
Imprint:	Washington, D.C. : International Monetary Fund, 2006.
Description:	1 online resource (20 pages)
Language:	English
Series:	IMF Working Papers, 2227-8885 ; Working Paper No. 06/181 IMF Working Papers ; Working Paper no. 06/181.
Subject:	Inflation (Finance) Price indexes. Inflation (Finance) Price indexes
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13357637

Hidden Bibliographic Details
Other authors / contributors:	Heravi, Saeed. Silver, M. S. International Monetary Fund.
ISBN:	1451988206 9781451988208 9781451988208
Notes:	Available in PDF, ePUB, and Mobi formats on the Internet.
Summary:	Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The two main approaches to hedonic indexes are hedonic imputation (HI) indexes and dummy time hedonic (DTH) indexes. This study provides a formal analysis of the difference between the two approaches for alternative implementations of the Törnqvist ""superlative"" index. It shows why the results may differ and discusses the issue of choice between these approaches.
Standard no.:	10.5089/9781451988208.001

Similar Items