§591.219. How does OPM compute shelter price indexes?
5 C.F.R. § 591.219
In addition to rental and rental equivalence prices and/or estimates, OPM obtains for each unit surveyed information about the important characteristics of the unit, such as size, number of bathrooms, and other amenities that reflect the quality of the unit.
OPM then uses these characteristics and rental prices and/or estimates in hedonic regressions (a type of multiple regression) to compute for each COLA survey area the price index for rental and/or rental equivalent units of comparable quality and size between the COLA survey area and the Washington, DC, area.
Notes, amendments, and revision history
Amendments
[67 FR 22340, May 3, 2002, as amended at 69 FR 59763, Oct. 6, 2004]
Authority
Authority: 5 U.S.C. 5941; E.O. 10000, 3 CFR, 1943-1948 Comp., p. 792; and E.O. 12510, 3 CFR, 1985 Comp., p. 338.
Source
Source: 67 FR 22340, May 3, 2002, unless otherwise noted.
Amendments
[67 FR 22340, May 3, 2002, as amended at 69 FR 59763, Oct. 6, 2004]