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Methods explained: Index numbers

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  • Peter Goodridge

    (Office for National statistics)

Abstract

Attempts to explain the subtle differences in the methodologies used to construct index numbers.Many of the statistics produced by the Office for National Statistics,particularly economic statistics, are published in the form ofindices. However, there are a number of different forms of indices and this article attempts to explain the subtle differences in themethodologies used to construct them, and also factors that feed into the choice of which type of index to use. Hypothetical examplesare provided to illustrate the effects of using different index forms. Economic & Labour Market Review (2007) 1, 54–57; doi:10.1057/palgrave.elmr.1410045

Suggested Citation

  • Peter Goodridge, 2007. "Methods explained: Index numbers," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 1(3), pages 54-57, March.
    • Handle: RePEc:pal:ecolmr:v:1:y:2007:i:3:p:54-57
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    Cited by:

    1. Wouters, Olivier J. & Sandberg, Dale M. & Pillay, Anban & Kanavos, Panos G., 2019. "The impact of pharmaceutical tendering on prices and market concentration in South Africa over a 14-year period," Social Science & Medicine, Elsevier, vol. 220(C), pages 362-370.
    2. Wouters, Olivier J. & Sandberg, Dale M. & Pillay, Anban & Kanavos, Panos, 2018. "The impact of pharmaceutical tendering on prices and market concentration in South Africa over a 14-year period," LSE Research Online Documents on Economics 90828, London School of Economics and Political Science, LSE Library.

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