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Since the beginning of the nineteenth century, a large number of price index number formulae have been developed, mostly named after their inventors, such as the Paasche and Layspeyres indexes. Parallel with the invention of new index formulae, criteria were developed for distinguishing between...
Persistent link: https://www.econbiz.de/10014206304
This chapter discusses Francis Galton’s method of inductive inference where the data are photographs of human faces. His aim of induction was to determine the typical characteristics of the natural class to which the individuals belong by composing the relevant photographs in a specific...
Persistent link: https://www.econbiz.de/10014092372