Assertion: regression's variable | /r/HasProperty | demand
Facets:
value: in a hedonic regression model
type: OTHER
Source sentences:
text: In a hedonic regression model, the dependent variable is the price (or demand) of the good, and the independent variables are the attributes of the good believed to influence utility for the buyer or consumer of the good.
text: However, the linear relationship cannot describe the linear stochastic dependence of variables X and Y because if for example, the variable X is the value of a product, and the variable Y is the demand for this product, the corresponding values of Y will be different in different iterations.