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Hedonic prices and quality adjusted price indices powered by AI

Bajari, Patrick L.; Cen, Zhihao; Chernozhukov, Victor; … - 2023 - This version: April 20, 2023

Accurate, real-time measurements of price index changes using electronic records are essential for tracking inflation and productivity in today's economic environment. We develop empirical hedonic models that can process large amounts of unstructured product data (text, images, prices,...

Persistent link: https://www.econbiz.de/10014261216