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Index theory. price index 1 Inflation measurement 1 methodoloy of collecting macroeconomic data 1 regression 1
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Free 1
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Book / Working Paper 1
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von der Lippe, Peter 1
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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The Stochastic Approach to Index Numbers: Needless and Useless
von der Lippe, Peter - Volkswirtschaftliche Fakultät, … - 2014
The New Stochastic Approach (NSA) – unjustly – pretends to promote a better understanding of price index (PI) formulas by viewing them as regression coefficients. As prices in the NSA are assumed to be collected in a random sample (what is particularly at odds with official price...
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