4/5/2023 0 Comments Hedonic quality adjustment![]() 7.15 The hedonic method is applied in the case of forced replacements. 7.15 Second, because of the additional resources required for quality adjustments to prices, it may be in. The hedonic method of quality adjustment is most appropriate for products whose markets are competitive and experience rapid turnover, and where the characteristics of these products change quickly but are readily and consistently observable. This paper is of value to mobile phone importers, mobile phone manufactures, advertisers and pricing researchers. the discussion of hedonic price indices, below). Using hedonic methods for quality adjustment in the CPI electronic resource : the consumer audio products component / Mary Kokoski, Keith Waehrer, Patricia. The purpose of this paper is to develop two price estimator functions and compare the performance and accurateness of them.After gathering mobile phone features from their manufacturers' websites and their prices from "Donyaye-Eqtesad" newspaper, Hedonic regression and Artificial Neural Network models developed.The most effective feature of mobile phones in their prices are theirs brand, being touch screen, camera quality in mega pixel, battery life in calling and wireless network connectivity, and Also ANN model is better estimator than hedonic regression function.Because all of the mobile phones in the Iran market are imported from other countries, importers can import mobile phones that have those features that have more value to customers and reach a higher market share.The major contribution of this paper is specifying the most important determinants of mobile phone prices in the Iran market and comparing the two price estimator functions.
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