The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes

Heravi, Saeed ORCID: https://orcid.org/0000-0002-0198-764X and Silver, Mick 2007. The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes. Journal of Business & Economic Statistics 25 (2) , pp. 239-246. 10.1198/073500106000000486

Full text not available from this repository.

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, because these 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 of the HI and DTH indexes may differ and discusses the issue of choice between these two approaches.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
ISSN:	15372707
Last Modified:	17 Oct 2022 09:15
URI:	https://orca.cardiff.ac.uk/id/eprint/2580

Citation Data

Cited 20 times in Scopus. View in Scopus. Powered By Scopus® Data

Actions (repository staff only)

Edit Item