The Walsh Index and the Theory of the "Pure" Price Index
Journal Title: Revista Romana de Statistica - Year 2012, Vol 60, Issue 1
Abstract
The main reason why price statisticians might prefer a member of the family of Lowe or fixed basket price indices is that the fixed basket concept is easy to explain to the public. Note that the Laspeyres and Paasche indices are special cases of the pure price concept if we choose the reference values for quantity. The practical problem of picking this value remains to be resolved, and that is the problem that will be addressed in this section.
Authors and Affiliations
Constantin ANGHELACHE, Alexandru MANOLE, Aurelian DIACONU, Mihai GHEORGHE, Luminiţa CIOCAN
Keywords
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