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Author: Mick Silver Publisher: International Monetary Fund ISBN: 145187166X Category : Business & Economics Languages : en Pages : 22
Book Description
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: Mick Silver Publisher: International Monetary Fund ISBN: 145187166X Category : Business & Economics Languages : en Pages : 22
Book Description
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 ISBN: 1349108162 Category : Business & Economics Languages : en Pages : 122
Book Description
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 ISBN: 019164952X Category : Business & Economics Languages : en Pages : 235
Book Description
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: Marcel Boumans Publisher: Routledge ISBN: 113428067X Category : Business & Economics Languages : en Pages : 221
Book Description
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: OECD Publisher: OECD Publishing ISBN: 9264085416 Category : Languages : en Pages : 705
Book Description
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: B.L. Agarwal Publisher: New Age International ISBN: 9788122414585 Category : Mathematical statistics Languages : en Pages : 660
Book Description
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: ISBN: Category : Computer network resources Languages : en Pages : 1088
Book Description
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.
Author: Mick Silver
Author: Mick Silver
Author: G. Stuvel
Author: Sydney Afriat
Author: Peter M von der Lippe
Author: Marcel Boumans
Author: OECD
Author: Frederick Cecil Mills
Author: B.L. Agarwal
Author: American Statistical Association
Author: Frederick Cecil Mills