Analyzing Data
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Analyzing Data

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Questions and Answers

Which type of analysis combines observations of elicited preferences and hypothetical choices with assumptions about the underlying processes of preference formation to yield predictions?

  • Revealed preferences
  • Hedonic price models
  • Stated preferences (correct)
  • Real markets

    • Which approach is based on observed actual housing choices in real markets and is assumed to reflect people's preferences?

  • Revealed preferences (correct)
  • Hedonic price models
  • Real markets
  • Stated preferences

    • In hedonic price models, what is regressed on the observed housing attributes?

  • The preference of the various housing attributes
  • The price of the dwelling (correct)
  • The underlying decision processes
  • The worth of the various housing attributes

    • Which type of analysis combines observations of realized choices with assumptions about underlying decision processes to yield predictions?

    <p>Revealed preferences</p> Signup and view all the answers

    Which dimension of data relates to whether it concerns choices that have actually been made in the 'real world' or stated choices and preferences in response to survey questions?

    <p>Origin of the data</p> Signup and view all the answers

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