Hedonic regression

Hedonic regression is a type of statistical analysis that looks at the prices of things and tries to figure out why they are the price they are. It looks at things like the size of a house, the type of neighborhood it is in, and the quality of amenities in the area to try to assess how much something should cost. This can help companies figure out how much to charge for things, or how much people are willing to pay for certain homes or items.