Download PDF by Bert M. Balk: Price and Quantity Index Numbers: Models for Measuring

By Bert M. Balk

ISBN-10: 0521889073

ISBN-13: 9780521889070

Fee and volume indices are very important, much-used measuring tools, and it truly is hence essential to have a great realizing in their homes. This ebook is the 1st complete textual content on index quantity thought because Irving Fisher's 1922 The Making of Index Numbers. The e-book covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and non-stop time environments; and higher- and lower-level indices. Guided through fiscal insights, this booklet develops the instrumental or axiomatic procedure. there is not any position for behavioral assumptions. as well as material chapters, whole chapters are dedicated to the wealthy background of the topic.

Show description

Read or Download Price and Quantity Index Numbers: Models for Measuring Aggregate Change and Difference PDF

Best microeconomics books

Colin Gilligan, Richard M. S. Wilson's Strategic Marketing Management (3rd Edition) PDF

This 3rd variation of Strategic advertising administration confirms it because the vintage textbook at the topic. Its step by step procedure presents finished insurance of the 5 key strategic stages:
* the place are we now? - Strategic and advertising research
* the place can we are looking to be? - Strategic path and technique formula
* How may perhaps we get there? - Strategic selection
* Which approach is better? - Strategic review
* How will we ascertain arrival? - Strategic implementation and control

This new revised and up-to-date 3rd version has thoroughly new chapters on 'The Nature and function of aggressive Advantage' and 'The Strategic administration of the accelerated advertising and marketing Mix', and large new fabric covering:
* The altering position of promoting
* ways to analysing advertising power
* E-marketing
* Branding
* consumer dating administration
* dating administration myopia
* The decline of loyalty

The booklet keeps the major positive aspects that make it crucial interpreting for all these learning the administration of selling - a robust emphasis on implementation, modern mini circumstances, and questions and summaries in every one bankruptcy to augment key issues. widely recognized because the such a lot authoritative, profitable and influential textual content within the area, the recent version continues to be an irreplaceable source for undergraduate and graduate scholars of commercial and advertising and marketing, and scholars of the CIM degree.

Read e-book online Winning Ways: For Your Mathematical Plays PDF

This vintage on video games and the way to play them intelligently is being re-issued in a brand new, 4 quantity version. This booklet has laid the basis to a mathematical method of enjoying video games. The clever authors wield witty phrases, which wangle splendidly profitable methods. In quantity 1, the authors do the Spade paintings, providing theories and strategies to "dissect" video games of assorted constructions and codecs to be able to boost successful options.

Additional resources for Price and Quantity Index Numbers: Models for Measuring Aggregate Change and Difference

Example text

N; t = 0, 1, . . , T ). 35) Finally, in order to deal with quality change the scores z nk are allowed to vary through time, so that we get K ln pnt = ln π t + t βk znk + ln εnt (n = 1, . . , N; t = 0, 1, . . 36) as our final model. This, then, is a so-called hedonic regression model. This model dates back to Court (1939) and was revitalized by Griliches (1961). 47 Other signs that the interest in the stochastic approach is reviving are the attempts to measure so-called core inflation. Although the precise meaning of this term is generally left somewhat in the dark – in some way it seems to be related to money growth – Bryan and Cecchetti (1994) proposed the weighted median of the price changes as a suitable measure of core inflation.

31 Fisher agreed with them that the purpose of an index number is a very important factor in determining what is the best index number. This is certainly true as to the elements of an index number other than the formula – the character and number of commodities, for instance. But as to the mathematical formula itself, I take a different view. . As to an index number, I would hold that an index number is itself a purpose. It is a purpose . . sufficiently homogeneous within its own realm to require certain definite general criteria of its own, whatever the sub-purpose within the domain of index numbers may be.

Walsh (1924) characterized Edgeworth’s position by concluding that Professor Edgeworth accepts the circular test, but swallows the small non-fulfilment of it in ordinary cases, and tries to cast out the glaring non-fulfilment in violent suppositions, by alleging that these are unallowable. (p. 510) Walsh then proceeds by attacking Edgeworth’s stochastic approach. The analogy of price relatives to observations is purely fanciful. The true altitude of the sun is independent of the errors we make in observing it.

Download PDF sample

Price and Quantity Index Numbers: Models for Measuring Aggregate Change and Difference by Bert M. Balk


by Anthony
4.1

Rated 4.09 of 5 – based on 31 votes