Hedonic Regression Results Sample Clauses

Hedonic Regression Results. We estimate the hedonic regression model in equation 3.3 using ordinary least squares. We show the regression results in the section. Each coefficient estimate for the hedonic regression represents the marginal contribution of each characteristic to the log price of videoconferencing. The exponential of each coefficient can also be interpreted as the WTP for the said characteristic. For videoconferencing (see figure 3.B.1), it can be noticed that not all coefficients are sta- tistically significant. This suggests that the presence of some characteristics probably does not contribute substantially to the variations in prices across plan types and/or across ser- vice providers. We also observe the presence of negative coefficients that are statistically significant. If we were to interpret each coefficient as the marginal contribution of each char- acteristic to the price, it stands to reason that none of the variables should have a negative value for their coefficients. We offer two likely explanations for this. First, it is important to note that the coefficient estimates are partial elasticities and that we can only arrive at the marginal contribution of each characteristic by applying exponential transformations to the coefficients. In this case, the transformation would yield a positive value that is close to zero. Second, Xxxxxxxx (2016) shows that it is possible for hedonic regressions to generate negative coefficient estimates if there are trade-offs between the characteristic with the nega- tive coefficient and other characteristics in the regression. For instance, the trade-off between horsepower and mileage could result in negative coefficient estimates in a hedonic regression for automobiles. In the case of this exercise, only Encryption yielded a negative coefficient that is statistically significant. An examination of the correlation between covariates (see appendix 3.D) shows that the presence of encryption is negatively correlated with some of the statistically significant explanatory variables in the hedonic regression19. One can argue that the presence of these features makes it difficult to make calls more secure. A major limitation of the panel hedonic regression is that it assumes that the marginal values of characteristics are fixed over time. It is possible that this assumption may not be true. From the descriptive statistics in table 3.4.1, we show that the average price per participant varies across years. We generate a second regres...
Sample 1
AutoNDA by SimpleDocs

Related to Hedonic Regression Results

  • Definitions As used in this Agreement:

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Termination In the event that either Party seeks to terminate this DPA, they may do so by mutual written consent so long as the Service Agreement has lapsed or has been terminated. Either party may terminate this DPA and any service agreement or contract if the other party breaches any terms of this DPA.

  • NOW, THEREFORE the parties hereto agree as follows:

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!