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Index Numbers and Stock Market Indexes

In: Statistics for Business and Financial Economics

Author

Listed:
  • Cheng-Few Lee

    (Rutgers University Business School, Department of Finance and Economics)

  • John C. Lee

    (Center for PBBEF Research)

  • Alice C. Lee

Abstract

Business executives and government officials often make judgments that involve summarizing how business, economic, and financial variables change with time or place. Examples of variation over time include variation in gross national production, variation in the price of consumer goods, and variation in stock market prices, As an example of variation with changes in place, consider a company that wishes to transfer an executive from Chicago to San Francisco. What should be the executive’s minimum salary increase to compensate for the higher cost of living in San Francisco?

Suggested Citation

  • Cheng-Few Lee & John C. Lee & Alice C. Lee, 2013. "Index Numbers and Stock Market Indexes," Springer Books, in: Statistics for Business and Financial Economics, edition 3, chapter 0, pages 973-1017, Springer.
  • Handle: RePEc:spr:sprchp:978-1-4614-5897-5_19
    DOI: 10.1007/978-1-4614-5897-5_19
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