In a hedonic regression model, the dependent variable is the price (or demand ... calculations to control for the effect of changes in product quality. The price of any good in the CPI basket ...

At times it is desirable to have independent variables in the model that are qualitative rather than quantitative. This is easily handled in a regression framework. Regression uses qualitative ...

With this setup, I now have an equation to predict my target variable. Before building my model, I want to step back to offer an easy-to-understand definition of linear regression and why it’s ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New ...