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
Famous quotes containing the word advantages:
“The respect for human rights is one of the most significant advantages of a free and democratic nation in the peaceful struggle for influence, and we should use this good weapon as effectively as possible.”
—Jimmy Carter (James Earl Carter, Jr.)
“We work harder than ever, and I cannot see the advantages in cooperative living.”
—Lydia Arnold, U.S. commune supervisor (of the North American Phalanx, Red Bank, New Jersey, 1843- 1855)
“But there are advantages to being elected President. The day after I was elected, I had my high school grades classified Top Secret.”
—Ronald Reagan (b. 1911)
Related Phrases
Related Words