Some Aspects regarding the Basic Index Number Theory

Constantin Anghelache, Mihai Gheorghe, Alexandru Manole, Ioana Mihaela Pocan and Cosmin Paunescu
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Constantin Anghelache: “Artifex” University of Bucharest
Mihai Gheorghe: National Institute of Statistics, Romania
Alexandru Manole: “Artifex” University of Bucharest
Ioana Mihaela Pocan: Academy of Economic Studies, Bucharest
Cosmin Paunescu: Academy of Economic Studies, Bucharest

Romanian Statistical Review Supplement, 2012, vol. 60, issue 1, 49-52

Abstract: The index number problem can be framed as the problem of decomposing the value of a well-defined set of transactions in a period of time into an aggregate price term times an aggregate quantity term. It turns out that this approach to the index number problem does not lead to any useful solutions. The problem of decomposing a value ratio pertaining to two periods of time into a component that measures the overall change in prices between the two periods (this is the price index) times a term that measures the overall change in quantities between the two periods (this is the quantity index) is considered.

Keywords: commodities; consumption; location; index; quantity (search for similar items in EconPapers)
Date: 2012
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