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Seasonality and Prepackaged Software Price Indexes

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Author Info
Adam Copeland (Bureau of Economic Analysis)
Abstract

In this paper, we construct a seasonally-adjusted price index for prepackaged software using detailed and comprehensive scanner data from the NPD Group. We document a large sales surge over the winter-holiday and claim that this season- ality is being driven by consumer heterogeneity. We introduce a novel approach for constructing the software component of the cost-of-living price index which ex- plicitly accounts for this type of consumer heterogeneity.

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Paper provided by Bureau of Economic Analysis in its series BEA Working Papers with number 0046.

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Date of creation: Jul 2008
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Handle: RePEc:bea:wpaper:0046

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E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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