Definition: Quality adjustment

Category: Producer price indices

The process - or the result of the process - of estimating what the market price of a replacement product would be if it had the characteristics of the product it replaces and with whose price its price is to be compared. http://ec.europa.eu/eurostat/product?code=KS-04-14-661&mode=view
Source:
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Guide for Developing Producer Price Indices for Services (Second Edition)", Luxembourg, Paris, 2014
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