On the Double Imputation Hedonic Price Index
In this short paper we present an empirical comparison of two price indexes: the 'consecutive two period chained time dummy double imputation hedonic price index' recently adopted by the ABS for their computer price index and the 'multi-period dummy variable hedonic price index' that is commonly used in academic research. The comparison is conducted using a publicity available data set and indicates this new index is far more suited to goods like computers where newly introduced models tend to dominate the data set.
Economic Analysis and Policy
Applied Economics not elsewhere classified