![]() Hedonic pricing is a revealed-preference method used in economics and consumer science to determine the relative importance of the variables which affect the price of or demand for a good or service. Hedonic regression is used in hedonic pricing models and is commonly applied in real estate, retail, and economics. Hedonic regression is commonly used in real estate pricing and quality adjustment for price indexes.In a hedonic regression model, a price is usually the dependent variable and the attributes that are believed to provide utility to the buyer or consumer are the independent variables.Hedonic regression is the application of regression analysis to estimate the impact that various factors have on the price or demand for a good. ![]()
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