An Index Number Formula Problem
Download or Read eBook An Index Number Formula Problem PDF written by Mick Silver and published by International Monetary Fund. This book was released on 2009-01-01 with total page 22 pages. Available in PDF, EPUB and Kindle.
Author | : Mick Silver |
Publisher | : International Monetary Fund |
Total Pages | : 22 |
Release | : 2009-01-01 |
ISBN-10 | : 9781451871661 |
ISBN-13 | : 145187166X |
Rating | : 4/5 (61 Downloads) |
Book Synopsis An Index Number Formula Problem by : Mick Silver
Book excerpt: 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.