Index Numbers - A Stochastic Approach (Paperback, 1994 Ed.)

This book presents a review of recent developments in the theory and construction of index numbers using the stochastic approach, demonstrating the versatility of this approach in handling various index number problems within a single conceptual framework. It also contains a brief, but complete, review of the existing approaches to index numbers with illustrative numerical examples.;The stochastic approach considers the index number problem as a signal extraction problem. The strength and reliability of the signal extracted from price and quantity changes for different commodities depends on the messages received and the information content of the messages. The most important applications of the new approach are to be found in the context of measuring rate of inflation and fixed and chain base index numbers for temporal comparisons and for spatial inter-country comparisons - the latter generally require special index number formulae that result in transitive and base invariant comparisons.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Release date:	September 1994
Authors:	E. Antony Selvanathan
Dimensions:	216 x 140mm (L x W)
Format:	Paperback
Pages:	242
Edition:	1994 Ed.
ISBN-13:	978-0-333-61072-5
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Econometrics > General Books > Science & Mathematics > Mathematics > Applied mathematics > Stochastics Promotions
LSN:	0-333-61072-5
Barcode:	9780333610725

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