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The Entry Level Item (ELI) category of Women’s Tops is part of the index for Women’s Suits and Separates and includes all types and styles of jackets, sweaters, and tops. In this factsheet, we examine the regression model used in the quality adjustment of price data for women’s tops.
The sample used for the new hedonic model included approximately 3,800 observations. This model was constructed using web-based information. This was due to restrictions being put on data collection during the COVID-19 pandemic. Previous models had a mix of store and website collected data. Around 62 percent of prices were from March or April of 2022. There were over 400 different outlets in the sample and about 700 unique clothing brands. Private brands made up most of the sample, accounting for almost 63 percent of all observations. National brands made up approximately 32 percent of sample, with exclusive and miscellaneous brands making up the remaining 5 percent.
Table 1 presents the details of the estimation of the current model used to quality adjust women’s tops.
Variable | DF | Parameter Estimate | Standard Error | t Value | Pr > |t| | Tolerance Statistic |
---|---|---|---|---|---|---|
Intercept |
1 | 3.69575 | 0.02203 | 167.79 | <.0001 | |
Fiber (continuous): Cashmere |
1 | 0.00914 | 0.0007 | 13.12 | <.0001 | 0.88195 |
Fiber (continuous): Wool |
1 | 0.00754 | 0.00078 | 9.65 | <.0001 | 0.83974 |
Fiber (continuous): Silk |
1 | 0.01262 | 0.00077 | 16.33 | <.0001 | 0.93207 |
Fiber (continuous): Linen |
1 | 0.00266 | 0.00063 | 4.19 | <.0001 | 0.94772 |
Fiber (continuous): Cotton |
1 | -0.00104 | 0.00018 | -5.9 | <.0001 | 0.77818 |
Fiber (continuous): Nylon |
1 | 0.00261 | 0.00058 | 4.48 | <.0001 | 0.87891 |
Fiber (continuous): Spandex |
1 | -0.00919 | 0.00247 | -3.72 | 0.0002 | 0.78222 |
Fiber (continuous): Polyester or Rayon |
Base | |||||
Brand/Label Category: Exclusive |
1 | 1.49982 | 0.11232 | 13.35 | <.0001 | 0.52502 |
Brand/Label Category: National |
1 | 0.3101 | 0.01765 | 17.57 | <.0001 | 0.60751 |
Brand/Label Category: Miscellaneous |
1 | -0.13011 | 0.0354 | -3.68 | 0.0002 | 0.74287 |
Brand/Label Category: Private |
Base | |||||
Type of Item Priced: Lined Jacket |
1 | 0.78772 | 0.04714 | 16.71 | <.0001 | 0.89665 |
Type of Item Priced: Unlined Jacket |
1 | 0.67364 | 0.03663 | 18.39 | <.0001 | 0.87873 |
Type of Item Priced: Cardigan |
1 | 0.30478 | 0.0254 | 12 | <.0001 | 0.71357 |
Type of Item Priced: Sweater |
1 | 0.28637 | 0.02641 | 10.84 | <.0001 | 0.65721 |
Type of Item Priced: Open-Front Shirt |
1 | 0.28257 | 0.02158 | 13.1 | <.0001 | 0.73155 |
Type of Item Priced: Vest |
1 | 0.31848 | 0.06931 | 4.6 | <.0001 | 0.94834 |
Type of Item Priced: Activewear Top |
1 | -0.1138 | 0.02971 | -3.83 | 0.0001 | 0.87446 |
Type of Item Priced: Sweatshirt |
1 | 0.21875 | 0.03023 | 7.23 | <.0001 | 0.81264 |
Type of Item Priced: Pullover Top or Blouse |
Base | |||||
Sleeve Length: Short Sleeves or Sleeveless |
1 | -0.24376 | 0.01644 | -14.83 | <.0001 | 0.69912 |
Sleeve Length: Long or 3/4 Length Sleeves |
Base | |||||
Form of Closure: Pullover Partly Opens with Fastener |
1 | 0.17078 | 0.02333 | 7.32 | <.0001 | 0.89625 |
Form of Closure: Pullover with No Fastener |
Base | |||||
Size Range: Juniors or Juniors Plus Size |
1 | -0.29995 | 0.03159 | -9.49 | <.0001 | 0.94782 |
Size Range: Misses, Petites, or Plus Size |
Base | |||||
Fabric Design: Solid Color |
1 | -0.08657 | 0.01357 | -6.38 | <.0001 | 0.9351 |
Fabric Design: Multicolor or Printed |
Base | |||||
Details/Features: Embroidery (Non-Logo) |
1 | 0.21854 | 0.04455 | 4.91 | <.0001 | 0.969 |
Details/Features: Trim, Lace, or Ruffles |
1 | 0.14981 | 0.02614 | 5.73 | <.0001 | 0.95425 |
Details/Features: Sequins, Beads, Rhinestones, or Gems |
1 | 0.16626 | 0.04928 | 3.37 | 0.0007 | 0.97376 |
Details/Features: Iron-on/Decal/Screen Print |
1 | -0.09597 | 0.0317 | -3.03 | 0.0025 | 0.83754 |
Details/Features: Cable Knit (Full or Partial) |
1 | 0.14095 | 0.05072 | 2.78 | 0.0055 | 0.89364 |
Details/Features: No Details/Features |
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 Women's suits and separates 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: February 22, 2023