Hedonic Regression - Advantages

Advantages

  • Versatility: The method can be comfortably adapted to take into consideration the several probable interactions between environmental quality and the marketed goods.
  • This method is often used to approximate the values based the actual choices of the people.
  • The real estate market is a good indication of the values as it is relatively efficient in responding to information.
  • It is comparatively easier to obtain data on property sales and characteristics and can be easily compared to secondary data sources in order to acquire the descriptive variables for the regression analysis.

Read more about this topic:  Hedonic Regression

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