stochastic approach in economics, they described the specificity of stochastic models in this field and they presented the …. Some views on the stochastic approach in production and energy consumption models are presented in the final part of the …

stochastic approach. Results underline an expected increase in sorghum price under the effect of the high level of uncertainty in …

period of July 2001 to June 2010 using stochastic approach as well as extended stochastic approach to index numbers. A …

This study attempts to estimate the rate of inflation in Pakistan by a stochastic approach to index numbers which … theory namely: the functional economic approach and the stochastic approach. The attraction of stochastic approach is that it … used extended stochastic approach to index numbers for measuring the Pakistan inflation by allowing for the systematic …

The stochastic approach to index numbers has attracted renewed attention in recent times (e.g., Clements and Izan, 1981 … is that it provides standard errors for the index numbers. This paper reviews the stochastic approach and extends the …