We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Hedonic Method in the Consumer Price Index - Case Study Example

Comments (0)
Summary
The research paper “Hedonic Method in the Consumer Price Index” looks at the Hedonic Pricing Method as a model that identifies factors in relation to the principle that prices are set depending on both the internal and external factors…
Download full paper
GRAB THE BEST PAPER
Hedonic Method in the Consumer Price Index
Read TextPreview

Extract of sample
Hedonic Method in the Consumer Price Index

Download file to see previous pages... The thus, Hedonic Pricing model will mostly be used in estimating the extent each of the factors affects the price.
 The hedonic method is used in tracking changes in the CPI so that quality adjustments to the CPI can be made. The purpose of the Consumer Price Index is measuring effects on consumer household by price changes. The preferred method that is used to make quality adjustments is the Hedonic method. This is because it relies on statistical techniques when it estimates implicit prices of characteristics of a product derived from quantities and prices in the marketplace. This implicit price is used to measure the value of qualitative differences observed in products by consumers (Bade, & Michael, 2002). This helps disaggregate observed price difference between two products into pure price change and changes in quality. Hedonic methods have gone on to be proposed to be used in other categories of goods and services in the Consumer Price Index.
 The statistical techniques involved in the hedonic methods make it suitable for use in tracking even the minimal changes in the CPI. Changes like those in quality are at times overlooked but by use if this method they are tracked and adjusted. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
PRICE, CONSUMER BUYING BEHAVIOR AND MARKETING ACTIVITIES
PRICE, CONSUMER BUYING BEHAVIOR AND MARKETING ACTIVITIES . In order to comprehend consumer behaviors, it is important for marketers to recognize the economic constraint of consumers because it influences their decision making process concerning what they want to buy.
4 Pages(1000 words)Essay
Growth Rate - Consumer Price Index for Qatar
year (a) prev. year (b) (a / b)100 2001 1.4 100.0 1.4% inflation 2002 0.2 101.4 0.2% inflation 2003 2.4 101.6 2.36% inflation 2004 7.1 104.0 6.83% inflation 2005 9.7 111.1 8.73% inflation 2006 14.3 120.8 11.84% inflation 2007 18.6 135.1 13.77% inflation 2008 23.2 153.7 15.09% inflation 2009 -37.6 176.9 21.26% deflation Consumer Price Index of Qatar for 2001 - 2011 2001 83.9 2002 84.1 2003 86.0 2004 91.9 2005 100.0 2006 111.8 2007 127.2 2008 146.4 2009 139.3 2010 135.9 2011 138.5 Base Year 2005 = 100 Growth rate for CPI of Qatar for 2005 - 2009 Base Year 2005 = 100 diff.
5 Pages(1250 words)Assignment
Effect of Oil Price on Kuwait Stock Market Index

The research will establish the different causes of rise or drop of the stock market index in Kuwait and relate the findings with the oil prices at different particular situations. The research will assess the various issues that determine the direct effect of changes in oil prices in the Kuwait and compare it with others countries.

8 Pages(2000 words)Dissertation
A Road Map to Rising in the Consumer Satisfaction Index
This should help our eventual position in the index, given that we are in a business of commodity products. I recommend two immediate steps to improve customer satisfaction at our plant. One is to establish a finished goods store, preferably at a location near the entrance, where customers can take delivery of all their orders.
2 Pages(500 words)Essay
Purchasing Share Price Index
In the Australian Stock Exchange, investors may also do trading with Share Price Index Futures. Through SPI 200, investors are given an easy and effective way to trade the overall share market with just one trade.
2 Pages(500 words)Article
Consumer Price Index
Inflation on the other hand can be simply defined as the general and persistent increase in price level over a particular period of time. As
3 Pages(750 words)Essay
Consumer Price Index, Retail Price index and GDP deflator
Wisconsin University (2012) further clarifies that CPI does not cover or consider changes in the prices of other commodities like security, water
1 Pages(250 words)Essay
The Consumer Price Index and the Retail Price Index
The United States use urban consumers only whereas India combines different consumers. Consumer price index is calculated for different commodities, commodity categories, areas, regions, and nation at large. The trends of spending by the population are
3 Pages(750 words)Essay
Relations and Modeling of GDP and House price index of USA
halted the global financial and economic markets, the statistics that relate the GDP and directly what affect people’s lives, house index is very important. Many economist, and global and government agencies such as the International Monetary Fund and the Federal Reserve of
7 Pages(1750 words)Statistics Project
The Consumer Price Index
The above percentage increase represents the how the cost of living is affected by changes in CPI. Thus, changes in the consumer price index are used to assess changes associated with the cost of living as well as economic
1 Pages(250 words)Assignment
Let us find you another Case Study on topic Hedonic Method in the Consumer Price Index for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us