The stochastic approach to price index numbers: An expository note

1995 ◽  
Vol 49 (4) ◽  
pp. 373-379 ◽  
Author(s):  
Tomson Ogwang
Author(s):  
Dr. S.M. Aqil Burney ◽  
Arfa Maqsood

<span>In recent times, the stochastic approach has received enormous attention to estimate the rate of<span> inflation. The attraction of this approach is to provide not only the estimate of inflation rate, but<span> also its standard error. In this paper, we extend the stochastic approach to derive the Paasches<span> price index number and its standard error. We present an illustration to Laspeyres index number<span> using consumer price data of Pakistan covering the period from July 2002 to June 2011<br /><br class="Apple-interchange-newline" /></span></span></span></span></span>


2018 ◽  
Vol 1 (2) ◽  
pp. 15-25

It is expected that the price index numbers which are universally used as the scientific tool of measures of price changes all over the world must reflect the real and true position of prices in economy every time since they are the only arithmetic source of measuring the price fluctuations and economic fluctuations thereby. But unfortunately, they do not seem to fulfill these expectations fully especially in India. Many times it has happened that price index numbers have failed in reflecting real economic conditions through price changes. So, this research is attempt to study all the different price indices model and try to find out the effective way out.


2013 ◽  
Vol 45 (20) ◽  
pp. 2894-2908 ◽  
Author(s):  
Kuo-Yuan Liang ◽  
Chen-Hui Yen

1922 ◽  
Vol 18 (139) ◽  
pp. 396-397
Author(s):  
Ruth E. K. Peterson
Keyword(s):  

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