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What are the advantages/disadvantages of using only a hedonic model?

April 26, 2017advantages disadvantages hedonic model

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What are the advantages/disadvantages of using only a hedonic model?

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The hedonic model is a statistical model that estimates a property value by treating it as a bundle of characteristics (number of bedrooms, number of bathrooms, etc.).There are no advantages to using only a hedonic model. Best estimates are provided when both hedonic information and repeat sales information are used and combined statistically.