Answer: Full answer in explanation below
Explanation: Hedonic demand is a method of preference that estimates the demand of a good and it's importance to customers. Also known as hedonic regression, this method breaks down the good into characteristics and then estimates the value of every characteristic.
Discrete choice demand explains, describes and estimates a choice between 2 options given. These choices are based on standard consumption models where an assumption is made that the amount of each consumed good is done on a continuous variable basis.
