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?
Which approach is based on observed actual housing choices in real markets and is assumed to reflect people's preferences?
In hedonic price models, what is regressed on the observed housing attributes?
Which type of analysis combines observations of realized choices with assumptions about underlying decision processes to yield predictions?
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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?
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