Defining an Outlet : What Characteristics are Truly Price Determining ?
نویسنده
چکیده
In order to pr oduce the Consumer Price Index, the Bureau of Labor Statistics c ollects its sample frame using a v ery narrow definition of the target sam ple unit – a retai l establishment or ‘outlet ’. Specifically, an outlet is de fined by the unique combination of operating name, mode (e.g. internet, brick-and-mortar), and if brick-and-mortar, the exact physical address of the st ore. While it is nece ssary to deter mine a precis e location for pricing purposes, this definition of an outlet may not be ideal for sam pling. This paper examines whether or not the definition of an outlet can be broade ned in order to simplify data collectio n and to allocate the sample more efficiently , without introducing bias or nonsampling error. Specifically , the effect of both location and fr anchise status on pric e change is modeled and evaluate d to determine which is m ore relevant in de fining an outlet.
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تاریخ انتشار 2010