Analytic Assessment of Index Formulae Inaccuracies
نویسنده
چکیده
In an earlier paper (Yehezkael 1991), computational tests and a computer simulation were used to quantitatively assess inaccuracies of several price index formulae. In this paper the analytic approach for assessing these inaccuracies is developed and is found to be in good agreement with the estimates obtained computationally in our earlier paper. The treatment presented here is more general than our earlier approach and covers price and quantity indices. The contribution of a price index formula to price inflation is also discussed.
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تاریخ انتشار 2009