In Hedonic Pricing models, hedonic regression is utilized, and it is extensively used in Real Estate, retail, and Economics. The weights that purchasers place on the various qualities of the good might be understood as the estimated coefficients on the independent variables. In contrast, the independent variables are the characteristics of the good that influence the value for the buyer or consumer of the commodity. The dependent variable in a hedonic regression model is the price (or demand) of the good. This determines the contributory value of each characteristic separately through regression analysis. In this method, the good/service or asset is fractated into constituent parts or characteristics. Using a regression model to assess the influence of numerous factors on the price of a good, or occasionally the demand for a commodity, is known as hedonic regression. What is the Hedonic Regression Real Estate Method? Updated on Decem, 476 views Hedonic Regression Real Estate in Practice.
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