Measurement of price change is based on averages - also, hedonic price index numbers. As NSIs obtain scannerdata having varying content, question arise: what is correct average to use? We compare in this paper price change estimates based on most known averages and index numbers including...

The price index for dwelling rents in Finland have been measured from data that is collected in connection with the Labour Force Survey (LFS). The construction of index series is based on the base strategy with log-Laspeyres as the index number formula. Some problems have emerged: First, the...

Statistics Finland has relatively long experience in constructing indices of prices of old flats using the hedonic approach where regression analysis and classification of flats (i.e. stratification) are combined. Practically this means: First the price model is based on the fixed effect model...

Statistics Finland has a relatively long experience in constructing indices of prices of old dwellings and old one-family detached houses using the hedonic approach where regression analysis and classification of flats are combined. Also, for new one-family detached houses a bilateral...

The focus of the study is to join together regression analysis and index numbers to get quality adjusted price change for rents of office and shop premises. First, we apply simple semilogarithmic linear price models, the fixed effects model (FE), and estimate them by the OLS method. We weight...