Index numbers of price and quantity play an important role in the index-linking of government loans. The object of this study is to ascertain what formulae should be used in the construction of new index numbers to replace those known to produce biased measures of price and volume change.
Index numbers of price and quantity play an important role in the index-linking of government loans. The object of this study is to ascertain what formulae should be used in the construction of new index numbers to replace those known to produce biased measures of price and volume change.
Part 1 Binary comparisons: the problem; the traditional approach; the analytical approach; properties and tests. Part 2 Multiple comparisons: indirect and chain indices; other transitive indices. Part 3: Irving Fisher's search for the ideal index number; Banerjee's factorial index numbers; the comparative proportionality test; von Bortkiewicz formulae; the relation between PS and PF.
Part 1 Binary comparisons: the problem; the traditional approach; the analytical approach; properties and tests. Part 2 Multiple comparisons: indirect and chain indices; other transitive indices. Part 3: Irving Fisher's search for the ideal index number; Banerjee's factorial index numbers; the comparative proportionality test; von Bortkiewicz formulae; the relation between PS and PF.
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