Price Imputation and Other Techniques for Dealing with Missing Observations, Seasonality and Quality Change in Price Indices

Price Imputation and Other Techniques for Dealing with Missing Observations, Seasonality and Quality Change in Price Indices
Author: Mr.Paul A. Armknecht
Publisher: International Monetary Fund
Total Pages: 29
Release: 1999-06-01
Genre: Business & Economics
ISBN: 1451850085

Price index compilers frequently face situations where price observations are missing due to seasonal unavailability, supply shortages, or the discontinuation of products. Incorrect treatment of such situations can result in biased price indices. This paper presents statistical imputation techniques that index compilers can use to prevent bias and suggests the extension of these same techniques to assist with adjustments for quality differences. The use of additional procedures for dealing with some of the problems caused by seasonal commodities is also discussed.

Hedonic Methods in Housing Markets

Hedonic Methods in Housing Markets
Author: Andrea Baranzini
Publisher: Springer Science & Business Media
Total Pages: 283
Release: 2008-09-20
Genre: Business & Economics
ISBN: 0387768157

Cities are growing worldwide and their sprawl is increasingly challenged for its pressure on open spaces and environmental quality. Economic arguments can help to decide about the trade-off between preserving environmental quality and developing housing and business surfaces, provided the benefits of environmental quality are adequately quantified. To this end, this book focuses on the use and advancement of the “hedonic approach”, an economic valuation technique that analyses and quantifies the sources of rent and property price differentials. Starting from theoretical foundations, the hedonic approach is applied to the valuation of natural land use preservation and noise abatement measures, as well as to residential segregation and discrimination, extending the analysis to the role of the buyers and sellers' identity on housing market prices and to the issue of environmental justice.

Dispute Settlement Reports 2017: Volume 8, Pages 3767 to 4372

Dispute Settlement Reports 2017: Volume 8, Pages 3767 to 4372
Author: World Trade Organization
Publisher: Cambridge University Press
Total Pages: 632
Release: 2018-11-08
Genre: Law
ISBN: 1108698395

The Dispute Settlement Reports are the WTO authorized and paginated reports in English. They are an essential addition to the library of all practicing and academic trade lawyers and needed by students worldwide taking courses in international economic or trade law. DSR 2017: Volume 8 reports on Indonesia - Measures Concerning the Importation of Chicken Meat and Chicken Products (WT/DS484), United States - Measures Concerning the Importation, Marketing and Sale of Tuna and Tuna Products (WT/DS381/ARB) and United States - Anti-Dumping and Countervailing Measures on Large Residential Washers from Korea (WT/DS464/RPT).

CPI Detailed Report

CPI Detailed Report
Author:
Publisher:
Total Pages: 708
Release: 1993
Genre: Prices
ISBN:

Consumer price index, U.S. city average and selected areas.

Guidelines for Constructing Consumption Aggregates for Welfare Analysis

Guidelines for Constructing Consumption Aggregates for Welfare Analysis
Author: Angus Deaton
Publisher: World Bank Publications
Total Pages: 128
Release: 2002-01-01
Genre: Business & Economics
ISBN: 9780821349908

In September 2001, staff from the World Bank and the International Monetary Fund met with the objective of strengthening collaboration between the two organizations in projects of civil service reform. This strengthened collaboration will have key benefits in ensuring consistency between the conflicting goals of the two organizations, establishing realistic objectives within the reform process, and maintaining a core set of wage and employment data. The principal conclusion arrived at was that World Bank and IMF staff should be engaging in collaboration earlier in the reform process. To guide the collaboration, six foundations were identified. These include: develop a medium-term fiscal framework; foster national ownership by making reforms politically feasible; focus and streamline conditionality; agree on sequencing and timing of reforms; and strengthen data collection. These principals will be tested for effectiveness in several focus countries.

Statistics for Sensory and Consumer Science

Statistics for Sensory and Consumer Science
Author: Tormod Næs
Publisher: John Wiley & Sons
Total Pages: 268
Release: 2011-06-20
Genre: Technology & Engineering
ISBN: 1119957249

As we move further into the 21st Century, sensory and consumer studies continue to develop, playing an important role in food science and industry. These studies are crucial for understanding the relation between food properties on one side and human liking and buying behaviour on the other. This book by a group of established scientists gives a comprehensive, up-to-date overview of the most common statistical methods for handling data from both trained sensory panels and consumer studies of food. It presents the topic in two distinct sections: problem-orientated (Part I) and method orientated (Part II), making it to appropriate for people at different levels with respect to their statistical skills. This book succesfully: Makes a clear distinction between studies using a trained sensory panel and studies using consumers. Concentrates on experimental studies with focus on how sensory assessors or consumers perceive and assess various product properties. Focuses on relationships between methods and techniques and on considering all of them as special cases of more general statistical methodologies It is assumed that the reader has a basic knowledge of statistics and the most important data collection methods within sensory and consumer science. This text is aimed at food scientists and food engineers working in research and industry, as well as food science students at master and PhD level. In addition, applied statisticians with special interest in food science will also find relevant information within the book.

Consumer Price Index Manual

Consumer Price Index Manual
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.

Scanner Data and Price Indexes

Scanner Data and Price Indexes
Author: Robert C. Feenstra
Publisher: University of Chicago Press
Total Pages: 404
Release: 2007-11-01
Genre: Business & Economics
ISBN: 0226239667

Every time you buy a can of tuna or a new television, its bar code is scanned to record its price and other information. These "scanner data" offer a number of attractive features for economists and statisticians, because they are collected continuously, are available quickly, and record prices for all items sold, not just a statistical sample. But scanner data also present a number of difficulties for current statistical systems. Scanner Data and Price Indexes assesses both the promise and the challenges of using scanner data to produce economic statistics. Three papers present the results of work in progress at statistical agencies in the U.S., United Kingdom, and Canada, including a project at the U.S. Bureau of Labor Statistics to investigate the feasibility of incorporating scanner data into the monthly Consumer Price Index. Other papers demonstrate the enormous potential of using scanner data to test economic theories and estimate the parameters of economic models, and provide solutions for some of the problems that arise when using scanner data, such as dealing with missing data.

Real Estate Valuation Theory

Real Estate Valuation Theory
Author: Ko Wang
Publisher: Springer Science & Business Media
Total Pages: 441
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461509092

Real Estate Valuation Theory is organized around five categories of intellectual contribution to the whole-appraiser decision making and valuation accuracy, application of nontraditional appraisal techniques such as regression and the minimum-variance grid method, appraising contaminated property, ad valorem tax assessment, and new perspectives on traditional appraisal methods. One common thread is that all of the papers are exceptionally well written and thought provoking.