'Laspeyres price index' presentation slideshows

P r i c e I n d ic e s: P a r t 1

P r i c e I n d ic e s: P a r t 1. MEASUREMENT ECONOMICS ECON 4700. What is an index number?. The problem of how to construct an index number is as much of economic theory as of statistical technique. Frisch (1936). What is an index number?. Definition 1:

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Estimating National Accounts Aggregates at Constant Prices - Preferred Methods

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11.3 Weighted Index Numbers

11.3 Weighted Index Numbers. simple relative price index. simple relative quantity index. UNWEIGHTED INDEX NUMBER. simple aggregate index. simple relative quantity index. relative average index. Unweighted Index. All items are treated equally and without using any weight. Weighted Index.

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Chapter 7 REVEALED PREFERENCE

Chapter 7 REVEALED PREFERENCE. 7.1 The Idea of Revealed Preference. ( x 1 , x 2 ) is chosen when ( y 1 , y 2 ) could have been chosen: p 1 x 1 + p 2 x 2 ? p 1 y 1 + p 2 y 2 ( x 1 , x 2 ) is directly revealed preferred to ( y 1 , y 2 ). 7.2 From Revealed Preference to Preference.

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