Time Series and Indices

Thomas Cleff ()
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Thomas Cleff: Pforzheim University of Applied Sciences

Chapter Chapter 12 in Applied Statistics and Multivariate Data Analysis for Business and Economics, 2025, pp 453-469 from Springer

Abstract: Abstract This chapter deals with time series analysis and indices, focusing on how data series evolve over time. It introduces key concepts of price indices (e.g. Laspeyres, Paasche, Fisher) to measure price changes and adjust for inflation. Quantity and value indices, which are essential for understanding economic trends and real growth, are also covered. Techniques for shifting bases and chaining indices to maintain continuity in long-term data series are explained. Practical exercises are provided to apply these concepts to real-world scenarios.

Keywords: Time series analysis; Price index; Laspeyres index; Paasche index; Fisher index; Quantity index; Value index; Index chaining; Base shifting (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-78070-7_12

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DOI: 10.1007/978-3-031-78070-7_12

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