Hedonic Pricing

How does this adjust for product quality in CPIs?

takes into account internal and external factors that affect the price. like in housing (size of the house + the neighbouring …etc)… that’s what I got from investopedia! so not much.

I try to stop digging in the meaning of some concepts like that, when I realize that it not gonna help in the exam, since the LOS don’t ask to go in depth.

LOS doesnt really focus on this but, Candidate resources have questions related to this