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Price Statistics as a System

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Author Info

  • Constantin ANGHELACHE

    (“Artifex” University of Bucharest)

  • Gabriela Victoria ANGHELACHE

    (Academy of Economic Studies, Bucharest)

  • Mihai GHEORGHE

    (National Institute of Statistics, Romania)

  • Ioan PARTACHI

    (Academy of Economic Studies of Moldavia, Chisinau)

  • Sanda NAN

    (Academy of Economic Studies, Bucharest)

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    Abstract

    A price index may be characterized as the factor giving the relative change in this value aggregate arising from changes in prices. As such, all the major price index formulae can be expressed as weighted averages of price relatives whose weights are the shares of items in the value aggregate. For the best-known price index formulae expressed as value aggregates of share-weighted averages of price relatives, we have the Laspeyres index. the Paasche index, and the Walsh and Tornqvist indices. As the geometric mean of the Laspeyres and Paasche indices, the Fisher ideal index is also a function of expenditure shares derived directly from the value aggregate.

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    File URL: http://www.revistadestatistica.ro/suplimente/2012/1/srrs1_2012a01.pdf
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    Bibliographic Info

    Article provided by Romanian Statistical Review in its journal Romanian Statistical Review Supplement.

    Volume (Year): 60 (2012)
    Issue (Month): 1 (March)
    Pages: 9-14

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    Handle: RePEc:rsr:supplm:v:60:y:2012:i:1:p:9-14

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    Related research

    Keywords: index; price; domain of goods and services; policy; monetary;

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