In econometrics, a hedonic index is a selling price index which uses information from hedonic regression, which describes just how product price may be explained by the actual product’s characteristics. Hedonic index have became very useful when applied to calculate price indices pertaining to information and communication products and homes, because they can certainly successfully mitigate problems for example those that crop up from there being new goods to think about and from swift changes of high quality.
Hedonic Index
