An Index Number Formula Problem
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| Author | : Mick Silver |
| Publisher | : International Monetary Fund |
| Total Pages | : 22 |
| Release | : 2009-01-01 |
| Genre | : Business & Economics |
| ISBN | : 145187166X |
Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis as to why such formulas differ and proposes a solution to this index number problem.
| Author | : G. Stuvel |
| Publisher | : Springer |
| Total Pages | : 122 |
| Release | : 1989-06-18 |
| Genre | : Business & Economics |
| ISBN | : 1349108162 |
Index numbers of price and quantity play an important role in the index-linking of government loans. The object of this study is to ascertain what formulae should be used in the construction of new index numbers to replace those known to produce biased measures of price and volume change.
| Author | : Sydney Afriat |
| Publisher | : OUP Oxford |
| Total Pages | : 235 |
| Release | : 2014-02-27 |
| Genre | : Business & Economics |
| ISBN | : 019164952X |
A theft amounting to £1 was a capital offence in 1260 and a judge in 1610 affirmed the law could not then be applied since £1 was no longer what it was. Such association of money with a date is well recognized for its importance in very many connections. Thus arises the need to know how to convert an amount at one date into the right amount at another date: in other words, a price index. The longstanding question concerning how such an index should be constructed is known as 'The Index Number Problem'. The ordinary consumer price index represents a practical response to this need. However the search for a true price index has given rise to extensive thought and theory to which an impressive number of economists have each contributed a word, or volume. However, there have been hold-ups at a basic level, which are addressed in this book. The approach brings the subject into involvement with utility construction on the basis of finite data, in a form referred to as 'Afriat's Theorem' but now with utility subject to constant (and also possibly approximate) returns.
| Author | : Peter M von der Lippe |
| Publisher | : Walter de Gruyter GmbH & Co KG |
| Total Pages | : 193 |
| Release | : 2016-11-21 |
| Genre | : Business & Economics |
| ISBN | : 3110511126 |
| Author | : Marcel Boumans |
| Publisher | : Routledge |
| Total Pages | : 221 |
| Release | : 2004-12-17 |
| Genre | : Business & Economics |
| ISBN | : 113428067X |
Economics is dominated by model building, therefore a comprehension of how such models work is vital to understanding the discipline. This book provides a critical analysis of the economist's favourite tool, and as such will be an enlightening read for some, and an intriguing one for others.
| Author | : International Labour Office |
| Publisher | : International Labour Organization |
| Total Pages | : 578 |
| Release | : 2004-08-25 |
| Genre | : Business & Economics |
| ISBN | : 9789221136996 |
The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 705 |
| Release | : 2010-04-06 |
| Genre | : |
| ISBN | : 9264085416 |
A joint production by six international organizations, this manual explores the conceptual and theoretical issues that national statistical offices should consider in the daily compilation of export and import price indices. Intended for use by both ...
| Author | : Frederick Cecil Mills |
| Publisher | : |
| Total Pages | : 624 |
| Release | : 1923 |
| Genre | : Business |
| ISBN | : |
| Author | : B.L. Agarwal |
| Publisher | : New Age International |
| Total Pages | : 660 |
| Release | : 2007 |
| Genre | : Mathematical statistics |
| ISBN | : 9788122414585 |
This Book Covers A Wide Range Of Topics In Statistics With Conceptual Analysis, Mathematical Formulas And Adequate Details In Question-Answer Form. It Furnishes A Comprehensive Overview Of Statistics In A Lucid Manner. The Book Provides Ready-Made Material For All Inquisitive Minds To Help Them Prepare For Any Traditional Or Internal Grading System Examination, Competitions, Interviews, Viva-Voce And Applied Statistics Courses. One Will Not Have To Run From Pillar To Post For Guidance In Statistics. The Answers Are Self-Explanatory. For Objective Type Questions, At Many Places, The Answers Are Given With Proper Hints. Fill-In-The-Blanks Given In Each Chapter Will Enable The Readers To Revise Their Knowledge In A Short Span Of Time. An Adequate Number Of Multiple-Choice Questions Inculcate A Deep Understanding Of The Concepts. The Book Also Provides A Good Number Of Numerical Problems, Each Of Which Requires Fresh Thinking For Its Solution. It Will Also Facilitate The Teachers To A Great Extent In Teaching A Large Number Of Courses, As One Will Get A Plethora Of Matter At One Place About Any Topic In A Systematic And Logical Manner. The Book Can Also Serve As An Exhaustive Text.
| Author | : American Statistical Association |
| Publisher | : |
| Total Pages | : 1088 |
| Release | : 1921 |
| Genre | : Computer network resources |
| ISBN | : |
A scientific and educational journal not only for professional statisticians but also for economists, business executives, research directors, government officials, university professors, and others who are seriously interested in the application of statistical methods to practical problems, in the development of more useful methods, and in the improvement of basic statistical data.
