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- W2230802013 abstract "Since the classical definitions of Price Index Numbers by LASPEYRES and PAASCHE this theory has been extended by new, more complicated and refined expressions for meaningful index formulas. Furthermore methods to test the properties of such formulas were developed. In particular, FISHER’s tests such as the Proportionality-, the Circular- and the Factor-Reversal-Test are notable, having caused far-reaching discussions in the literature on index numbers. WALD [10] proved that no index formula satisfies the three mentioned tests simultaneously. Other work on satisfaction of the tests has been done by ACZEL-EICHHORN [1], EICHHORN-VOELLER [5] and the detailed examination by VOELLER [9]. For the best known index, the Cost of Living Index (CLI), which is mainly a price-index, and which we want to consider here, the index formulas and the variables used to compute the index will be discussed. This ultimately involves an intensive discussion about utility, (see e.g. [6],[10]), but this matter is not in the scope of this paper.KeywordsCentral Limit TheoremIndex NumberIndex FormulaSample IndexIntensive DiscussionThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W2230802013 date "1978-01-01" @default.
- W2230802013 modified "2023-09-24" @default.
- W2230802013 title "Basic Ideas on Stochastic Indices" @default.
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- W2230802013 doi "https://doi.org/10.1007/978-3-662-41486-6_12" @default.
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