Proposition of Stochastic Postulates for Chain Indices

Jacek Białek

Statistics in Transition new series, 2014, vol. 15, issue 4, 545-558

Abstract: This article presents and discusses a proposition of stochastic postulates for chain indices. The presented postulates are based on the assumption that prices and quantities are stochastic processes and we consider also the case when price processes are martingales. We define general conditions which allow the chain indices to satisfy these postulates.

Keywords: chain indices; price index theory; stochastic processes; martingales (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:csb:stintr:v:15:y:2014:i:4:p:545-558

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