Updating the Housing Age-Bias Regression Model in the Consumer Price Index
نویسندگان
چکیده
CPI Detailed Report, November 2006 Louise Leonard Campbell is an economist in the Office of Consumer Prices and Price Indexes, U.S. Bureau of Labor Statistics. Email: [email protected] This paper examines the U.S. Bureau of Labor Statistics (BLS) past design and results of the age-bias regression model, as well as its current design. This narrative describes what has been done and presents current research on areas where improvement is warranted. The fundamental question is, “Does this model really capture depreciation for U.S. housing in the CPI?” Updating the Housing Age-Bias Regression Model in the Consumer Price Index
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