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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: Jeff Ralph Publisher: John Wiley & Sons ISBN: 1118977793 Category : Mathematics Languages : en Pages : 233
Book Description
This book provides an introduction to index numbers for statisticians, economists and numerate members of the public. It covers the essential basics, mixing theoretical aspects with practical techniques to give a balanced and accessible introduction to the subject. The concepts are illustrated by exploring the construction and use of the Consumer Prices Index which is arguably the most important of all official statistics in the UK. The book also considers current issues and developments in the field including the use of large-scale price transaction data. A Practical Introduction to Index Numbers will be the ideal accompaniment for students taking the index number components of the Royal Statistical Society Ordinary and Higher Certificate exams; it provides suggested routes through the book for students, and sets of exercises with solutions.
Author: International Labour Office Publisher: International Labour Organization ISBN: 9789221136996 Category : Business & Economics Languages : en Pages : 578
Book Description
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: 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: 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: Dr. Anupam Agarwal Publisher: SBPD Publications ISBN: Category : Business & Economics Languages : en Pages : 337
Book Description
PART A : STATISTICS FOR ECONOMICS Unit I : Introduction 1. What is Economics ?, 2. Statistics : Meaning, Scope and Importance, Unit II : Collection, Organisation and Presentation of Data 3. Collection of Data : Primary and Secondary Data, 4. Methods of Data Collection : Census and Sampling Methods, 5. Some Important Sources of Secondary Data : Census and N.S.S.O., 6. Organization of Data : Classification, 7. Presentation of Data : Tables, 8. Diagrammatic Presentation of Data, 9. Graphic (Time Series and Frequency Distribution) Presentation of Data, Unit III : Statistical Tools and Interpretation 10. Measures of Central Tendency: Arithmetic Average, 11. Measures of Central Tendency : Median and Mode, 12. Measures of Dispersion, 13. Correlation, 14. Index Number, 15. Some Mathematical Tools Used in Economics : Slope of a Line, Slope of a Curve and Equation of a Line, Unit IV : Developing Projects in Economics 16. Formation of Project in Economics, PART B : INDIAN ECONOMIC DEVELOPMENT Unit V : Development Experience, (1947-90) and Economic Reforms Since 1991 1. State of Indian Economy on the Eve of Independence, 2. Common Goals of Five Year Plans in India, 3. Agriculture—Features, Problems and Policies, 4. Industries : Features, Problems & Policies (Industrial Licensing etc.), 5. Foreign Trade of India—Features, Problems and Policies, Unit VI : Economic Reforms Since 1991 6. Economic Reforms in India—Liberalisation, Privatisation and Globalisation (L.P.G.) Policies, Unit VII : Current Challenges facing Indian Economy 7. Poverty and Main Programmes of Poverty Alleviation, 8. Rural Development : Key Issues, 9. Human Capital Formation, 10. Employment : Growth, Informalisation and Other Issues, 11. Inflation : Problems and Policies, 12. Infrastructure : Meaning and Types (Case Studies : Energy and Health), 13. Sustainable Economic Development and Environment, Unit VIII : Development Experience of India 14. Development Experience of India : A Comparison with Pakistan & China, l Log and Antilog Table l Examination Paper
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: Mick Silver
Author: Mick Silver
Author: G. Stuvel
Author: Sydney Afriat
Author: Jeff Ralph
Author: Peter M von der Lippe
Author: International Labour Office
Author: Marcel Boumans
Author: B.L. Agarwal![NCERT Economics Class 11 [M.P. & Chhattisgarh Board] PDF](https://books.google.com/books/content/images/frontcover/rAnOEAAAQBAJ?fife=w80-h100)
Author: Dr. Anupam Agarwal 
Author: OECD