Books > Business & Economics > Economics > Microeconomics
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Scanner Data and Price Indexes (Hardcover)
Loot Price: R2,165
Discovery Miles 21 650
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Scanner Data and Price Indexes (Hardcover)
Series: NBER - Studies in Income and Wealth
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Every time you buy a can of tuna or a new television, its bar code
is scanned to record its price and other information. These
"scanner data" offer a number of attractive features for economists
and statisticians, because they are collected continuously, are
available quickly, and record prices for all items sold, not just a
statistical sample. But scanner data also present a number of
difficulties for current statistical systems.
"Scanner Data and Price Indexes" assesses both the promise and the
challenges of using scanner data to produce economic statistics.
Three papers present the results of work in progress at statistical
agencies in the U.S., United Kingdom, and Canada, including a
project at the U.S. Bureau of Labor Statistics to investigate the
feasibility of incorporating scanner data into the monthly Consumer
Price Index. Other papers demonstrate the enormous potential of
using scanner data to test economic theories and estimate the
parameters of economic models, and provide solutions for some of
the problems that arise when using scanner data, such as dealing
with missing data.
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