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The Entry Level Item (ELI) category of boys’ shirts and sweaters is part of the index for boys’ apparel and includes all types and styles of cardigans, sweaters, and tops in preschool and boys’ sizes. In this factsheet, we examine the regression model used in the quality adjustment of price data for boys’ shirts and sweaters.
The sample used for the new hedonic model included approximately 700 observations. This model was constructed using a mix of store and website collected data. Roughly 65 percent of data came from websites. Previous models had a lower percentage of web collected information, with around 70 to 80 percent of data being collected in stores. The lower rate of in-store collection in the current sample is largely due to lingering effects of the COVID-19 data collection restrictions. Around 61 percent of prices were from February or March of 2023. There were over 240 different outlets in the sample and about 140 unique clothing brands. Private brands made up over half of the sample, accounting for over 53 percent of all observations. National brands made up approximately 45 percent of sample, with luxury and miscellaneous brands making up the remaining 2 percent.
Table 1 presents the details of the estimation of the current model used to quality adjust boys’ shirts and sweaters.
Variable | DF | Parameter Estimate | Standard Error | t Value | Pr > |t| | Tolerance Statistic |
---|---|---|---|---|---|---|
Intercept |
1 | 3.13024 | 0.05050 | 61.98 | <.0001 | |
Fiber (continuous): Cotton |
1 | 0.00093 | 0.00041 | 2.29 | 0.0226 | 0.63255 |
Fiber (continuous): Spandex |
1 | 0.01624 | 0.00592 | 2.74 | 0.0062 | 0.84594 |
Fiber (continuous): Polyester or Rayon |
Base | |||||
Brand Category: Private |
1 | -0.25866 | 0.03054 | -8.47 | <.0001 | 0.60614 |
Brand Category: Miscellaneous |
1 | -0.32127 | 0.10085 | -3.19 | 0.0015 | 0.76486 |
Brand Category: National |
Base | |||||
Type of Item Priced: Cardigan |
1 | 0.76237 | 0.12932 | 5.9 | <.0001 | 0.75046 |
Type of Item Priced: Sweater |
1 | 0.60933 | 0.06981 | 8.73 | <.0001 | 0.84481 |
Type of Item Priced: Open-Front Shirt |
1 | 0.51838 | 0.03618 | 14.33 | <.0001 | 0.7239 |
Type of Item Priced: Activewear Top |
1 | 0.16357 | 0.04501 | 3.63 | 0.0003 | 0.61822 |
Type of Item Priced: Sweatshirt with Hood |
1 | 0.61456 | 0.04506 | 13.64 | <.0001 | 0.57463 |
Type of Item Priced: Sweatshirt with No Hood |
1 | 0.4595 | 0.07591 | 6.05 | <.0001 | 0.84549 |
Type of Item Priced: Pullover Shirt |
Base | |||||
Sleeve Length: Short Sleeves or Sleeveless |
1 | -0.1972 | 0.02989 | -6.6 | <.0001 | 0.63259 |
Sleeve Length: Long or 3/4 Length Sleeves |
Base | |||||
Form of Closure: Pullover Partly Opens with Fastener |
1 | 0.34748 | 0.04432 | 7.84 | <.0001 | 0.85633 |
Form of Closure: Pullover with No Fastener |
Base |
NOTE: This model contains control variables for type of business, type of store, and geographic region, but they are not used in adjustments.
Access data for boys' apparel in our online database.
Additional information may be obtained from the Consumer Price Index Information Office by email or calling 202-691-7000. Information on the CPI's overall methodology can be found in the BLS Handbook of Methods.
Last Modified Date: July 20, 2023