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§ 591.219 How does OPM compute shelter price indexes?
Regulation
5 CFR 591.219
Text
2 passages
5 CFR 591.219(a)(a) 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.
5 CFR 591.219(b)(b) 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.
About
- Type
- Regulation section
- Citation
- 5 CFR 591.219
- Last amended
- 2016-12-27
Amendment history
- 2016-12-27How does OPM compute shelter price indexes?
Cited by
- Cost-of-Living Allowances (Nonforeign Areas); Methodology ChangesFederal Register · 2004-10-06
- Cost-of-Living Allowances (Nonforeign Areas); Methodology ChangesFederal Register · 2004-02-09
- Cost-of-Living Allowances (Nonforeign Areas); Methodology ChangesFederal Register · 2002-05-03
- Cost-of-Living Allowances (Nonforeign Areas); Methodology ChangesFederal Register · 2001-11-09