Hedonic房地产价格指数中的计量经济学问题：一些实际帮助

IF 0.5 4区数学 Q4 SOCIAL SCIENCES, MATHEMATICAL METHODS

Journal of Official Statistics Pub Date : 2022-03-01 DOI:10.2478/jos-2022-0008

M. Silver

{"title":"Hedonic房地产价格指数中的计量经济学问题：一些实际帮助","authors":"M. Silver","doi":"10.2478/jos-2022-0008","DOIUrl":null,"url":null,"abstract":"Abstract Hedonic regressions are widely used and recommended for property price index (PPI) measurement. Hedonic PPIs control for changes in the quality-mix of properties transacted that can confound measures of change in average property prices. The widespread adoption of the hedonic approach is primarily due to the increasing availability, in this digital age, of electronic data on advertised and transaction prices of properties and their price-determining characteristics. Yet hedonic PPIs are only as good as the underlying estimated hedonic regressions. Regression-based measures are unusual in official economic statistics. There is little technical support in the international Handbooks and Guides for diagnostic measures and graphical plots for estimated regression equations as applied to PPIs. These diagnostics are essential to the transparency and credibility of hedonic PPI measurement. This article seeks to remedy this.","PeriodicalId":51092,"journal":{"name":"Journal of Official Statistics","volume":null,"pages":null},"PeriodicalIF":0.5000,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Econometric Issues in Hedonic Property Price Indices: Some Practical Help\",\"authors\":\"M. Silver\",\"doi\":\"10.2478/jos-2022-0008\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract Hedonic regressions are widely used and recommended for property price index (PPI) measurement. Hedonic PPIs control for changes in the quality-mix of properties transacted that can confound measures of change in average property prices. The widespread adoption of the hedonic approach is primarily due to the increasing availability, in this digital age, of electronic data on advertised and transaction prices of properties and their price-determining characteristics. Yet hedonic PPIs are only as good as the underlying estimated hedonic regressions. Regression-based measures are unusual in official economic statistics. There is little technical support in the international Handbooks and Guides for diagnostic measures and graphical plots for estimated regression equations as applied to PPIs. These diagnostics are essential to the transparency and credibility of hedonic PPI measurement. This article seeks to remedy this.\",\"PeriodicalId\":51092,\"journal\":{\"name\":\"Journal of Official Statistics\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.5000,\"publicationDate\":\"2022-03-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Official Statistics\",\"FirstCategoryId\":\"100\",\"ListUrlMain\":\"https://doi.org/10.2478/jos-2022-0008\",\"RegionNum\":4,\"RegionCategory\":\"数学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"SOCIAL SCIENCES, MATHEMATICAL METHODS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Official Statistics","FirstCategoryId":"100","ListUrlMain":"https://doi.org/10.2478/jos-2022-0008","RegionNum":4,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"SOCIAL SCIENCES, MATHEMATICAL METHODS","Score":null,"Total":0}

引用次数: 0

摘要

摘要Hedonic回归被广泛用于房地产价格指数（PPI）的测量，并被推荐使用。Hedonic PPI控制交易房地产质量组合的变化，这可能会混淆平均房地产价格变化的衡量标准。享乐方法的广泛采用主要是由于在这个数字时代，关于房地产广告和交易价格及其价格决定特征的电子数据的可用性越来越高。然而，享乐PPI只有与潜在的享乐回归估计一样好。基于回归的衡量标准在官方经济统计中并不常见。国际手册和指南中几乎没有技术支持用于PPI的估计回归方程的诊断测量和图形图。这些诊断对于特征PPI测量的透明度和可信度至关重要。本文试图对此进行补救。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Econometric Issues in Hedonic Property Price Indices: Some Practical Help

Abstract Hedonic regressions are widely used and recommended for property price index (PPI) measurement. Hedonic PPIs control for changes in the quality-mix of properties transacted that can confound measures of change in average property prices. The widespread adoption of the hedonic approach is primarily due to the increasing availability, in this digital age, of electronic data on advertised and transaction prices of properties and their price-determining characteristics. Yet hedonic PPIs are only as good as the underlying estimated hedonic regressions. Regression-based measures are unusual in official economic statistics. There is little technical support in the international Handbooks and Guides for diagnostic measures and graphical plots for estimated regression equations as applied to PPIs. These diagnostics are essential to the transparency and credibility of hedonic PPI measurement. This article seeks to remedy this.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Journal of Official Statistics STATISTICS & PROBABILITY-

CiteScore

1.90

自引率

9.10%

发文量

审稿时长

>12 weeks

期刊介绍： JOS is an international quarterly published by Statistics Sweden. We publish research articles in the area of survey and statistical methodology and policy matters facing national statistical offices and other producers of statistics. The intended readers are researchers or practicians at statistical agencies or in universities and private organizations dealing with problems which concern aspects of production of official statistics.