site stats

Exact and superlative index numbers

WebNov 27, 2024 · For previously identified weakly separable blockings of goods and assets, we construct aggregates using four superlative index numbers, the Fisher, Sato-Vartia, … WebMar 1, 2011 · We examine the impact of time aggregation on price change estimates for 19 supermarket item categories using scanner data. Time aggregation choices lead to a difference in price change estimates for chained indexes which ranged from 0.28% to 29.73% for a superlative index and an incredible 14.88%–46,463.71% for a non …

A Method for Transitive and Additive Multilateral ... - Springer

WebDec 29, 2005 · W. E. Diewert (1976) ArticleTitle Exact and Superlative Index Numbers Journal of Econometrics 4 114–145 Occurrence Handle 10.1016/0304-4076(76)90009-9 Article Google Scholar W. E. Diewert (1993) The Early History of Price Index Research W. E. Diewert A. O. Nakaura (Eds) Essays in Index Number Theory Amsterdam North … WebNov 27, 2024 · For previously identified weakly separable blockings of goods and assets, we construct aggregates using four superlative index numbers, the Fisher, Sato-Vartia, Törnqvist, and Walsh, two non-superlative indexes, the Laspeyres and Paasche, and the atheoretical simple summation. ... Diewert, W. E. (1976) Exact and superlative index … media release vic gov https://wajibtajwid.com

List of price index formulas - Wikipedia

WebThe Theory of Exact and Superlative Index Numbers Revisited . SHOW MORE ... WebIn this paper, Fox interviews Diewert on his academic career. His contributions to the development of flexible functional forms, superlative index numbers, the difference approach to index number theory, the measurement of waste, the user cost of capital, the measurement of Total Factor Productivity, the use of generalized concavity in … WebJan 7, 2003 · Index numbers are used to aggregate detailed information on prices and quantities into scalar measures of price and quantity levels or their growth. The paper reviews four main approaches to bilateral ... "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May. Jack Triplett, 2004. media replay store

Scientific and Technological Needs".The Theory of Exact and …

Category:Chapter 8 Cost of Living Indexes and Exact Index Numbers

Tags:Exact and superlative index numbers

Exact and superlative index numbers

INDEX NUMBERS AND REVEALED PREFERENCE RANKINGS

WebMay 1, 1976 · Exact and superlative index numbers 125 Jorgenson and Griliches (1972) use the index number formula Qo(p pl; x xl) defined by the right-hand side of (2.12) not only to form an index of real input, but also to form an index of real output. Just as the … An index number functional form is said to be ‘superlative’ if it is exact (i.e., … WebJan 11, 2009 · The consumer price index (CPI) is usually computed as a fixed-weighted Laspeyres price index, with the weights updated at discrete intervals only. It is well known that the Laspeyres functional form entails a substitution bias. One way to reduce it would be to use chained indices, and superlative ones if possible. Unfortunately, the necessary …

Exact and superlative index numbers

Did you know?

WebThe Theory of Exact and Superlative Index Numbers Revisited. EN. English Deutsch Français Español Português Italiano Român Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Türkçe Suomi Latvian Lithuanian česk ... WebAn index number functional form is said to be 'superlative' if it is exact (i.e., consistent with) for a 'flexible' aggregator functional form. The paper shows that a certain family of index number formulae is exact for the 'flexible' quadratic mean of order r aggregator function, (Σ iΣ ja ijx i r 2x j r 2) 1 r, defined by Den and others.

WebAll superlative indices produce similar results and are generally the favored formulas for calculating price indices. A superlative index is defined technically as "an index that is exact for a flexible functional form that can provide a second-order approximation to other twice-differentiable functions around the same point." Fisher WebPrice index numbers are usually defined either in terms of (actual or hypothetical) ... A superlative index is defined technically as "an index that is exact for a flexible …

WebAbstract. This paper proposes to clarify some important questions that are stillopeninthefield of index number theory. The main results are the following: (i) the so-called Quadratic … WebSep 15, 2009 · Abstract. The traditional economic approach to index number theory is based on a ratio of cost functions. Diewert defined superlative price and quantity indices …

WebJul 5, 2012 · Exact and superlative index numbers. Authors. W. E. Diewert; Publication date. Publisher. Abstract Abstract is not available. article; Similar works. Full text. …

WebCiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper proposes to clarify some important questions that are stillopeninthefield of index number theory. The main results are the following: (i) the so-called Quadratic Identity on which the superlative index numbers are based can be applied in more general cases than those … media remote for android downloadWebsuperlative index number formula. A quantity index Q is defined to be superlative if it is exact for a neoclassical aggregator function' f which is capable of providing a second … media representations of disabilityWebAn index number functional form is said to be ‘superlative’ if it is exact (i.e., consistent with) for a ‘flexible’ aggregator functional form. The paper shows that a certain family of … media remote app sony ipadpendleton county cabinet kyWebW.E. Diewert, Exact and superlative index numbers 117 If a quantity index Q(p”, pr ; x0, x”) and a functional form for the aggregator functionfsatisfy eq. (1.5) then we say that Q … pendleton county circuit clerkWebThe paper reviews and extends the theory of exact and superlative index numbers. Exact index numbers are empirical index number formula that are equal to an underlying theoretical index, provided … Expand. 22. Save. Alert. An Evaluation Of The Use Of Hedonic Regressions For Basic Components Of Consumer Price Indices. pendleton county child supportWebThis chapter contains a critical review of the theory of “exact” and “superlative” index numbers that is still dominating the field of economic index numbers. An index … media remote not pairing ps5