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2 edition of On the stochastic approach to index numbers found in the catalog.

On the stochastic approach to index numbers

W. E. Diewert

On the stochastic approach to index numbers

by W. E. Diewert

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  • 13 Currently reading

Published by University of British Columbia, Dept. ofEconomics in Vancouver .
Written in English


Edition Notes

StatementW.E. Diewert.
SeriesDiscussion paper / University of British Columbia, Department of Economics -- no. DP95-31
The Physical Object
Pagination41p. ;
Number of Pages41
ID Numbers
Open LibraryOL21289185M

  E Stochastic Frontier Models and Efficiency Analysis E-3 The following extensions are presented in Chapter E Truncated normal with nonzero, heterogeneous mean in the underlying U Heteroscedasticity in v and/or u Heterogeneity in the parameter of the exponential or gamma ~wgreene/FrontierModeling/SurveyPapers/LIMDEP-Chapterpdf. You could not be signed in. Please check your email address / username and password and try again. Username / Email address?

BibTeX @MISC{Hajargasht08stochasticapproach, author = {Gholamreza Hajargasht and D. S. Prasada Rao}, title = {Stochastic Approach to Index Numbers for Multilateral Price Comparisons and their Standard Errors}, year = {}}?doi=   The objective of this paper is to apply the Translog Stochastic Frontier production model (SFA) and Data Envelopment Analysis (DEA) to estimate efficiencies over time and the Total Factor Productivity (TFP) growth rate for Bangladeshi rice crops (Aus, Aman and Boro) throughout the most recent data available comprising the period –?id=/

  \Book" /9/28 page 3 i i i i i i i i Chapter 2 Geometry of Second-Order Random Processes In this book, modeling and estimation problems of random processes are treated in a uni ed geometric framework. For this, we need some basic facts about the Hilbert space theory of stochastic vector processes that have nite second order moments~penqvist/ Stochastic K%D. Stochastic indicator is indicator in technical analysis created by George belongs to oscillators and measures the relative position of the closing prices compared to the amplitude of price oscillations in a given


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On the stochastic approach to index numbers by W. E. Diewert Download PDF EPUB FB2

The stochastic approach to index numbers has attracted renewed attention in recent times (e.g., Clements and Izan, and ; Diewert, ; Giles /_On_the_Stochastic_Approach_to_Index_Numbers.

over it. Yet index-numbers involve the use of means and averages, and these being a purely mathematical element, demonstration ought soon to be reached, and then agreement should speedily follow.” Walsh [; preface]. Introduction The recent appearance of a book on the stochastic approach to index number theory by //06/ - Professor Angus Maddison, Groningen University This book presents a comprehensive review of recent developments in the theory and construction of index numbers using the stochastic approach, demonstrating the versatility of this approach in handling various index number problems within a single conceptual :// Abstract.

In Chapter 2 we discussed two appraoches to the derivation of index numbers, namely, the ‘functional approach’ and the ‘atomistic approach’ (which encompasses the stochastic and test approaches), and derived several index number formulae using both :// Zahid, Asghar & Frahat, Tahira, "Measuring inflation through stochastic approach to index numbers," MPRA PaperUniversity Library of Munich, Germany.

Selvanathan, "Extending the stochastic approach to index numbers: a comment on Crompton," Applied Economics Letters, Taylor & Francis Journals, vol. 10(4), pages Abstract. The stochastic approach is a new way of viewing index numbers in which uncertainty and statistical ideas play a central role.

Rather than just providing a single number for the rate of inflation, the stochastic approach provides the whole probability distribution of ://   The stochastic approach to the construction of price index numbers allows researchers to test T.

Ogwang / Economics Letters 49 () hypotheses about the index numbers themselves. In this paper we have provided an objective basis for selecting the best among four most commonly used price indices within a stochastic ://   3 Selvanathan E.A. and D.S. Prasada Rao, Index Numbers, A Stochastic Approach, Ann Arbour (The University of Michigan Press For the references and more details about much of what is said above I also refer to my book "Index Theory and Price Statistics", Frankfurt/Mainpp.

78 - 90 (in what follows quoted as S+P). Introduction - Construction of Index Numbers: A Review - Stochastic Approach to Index Numbers - Stochastic Approach to Measurement of Inflation - Fixed and Chain Base Index Numbers - Index Numbers for Spatial Comparisons - Stochastic Approach to Data Related Issues in Index Numbers - Data Appendix - Bibliography - Index: Responsibility: Downloadable.

The New Stochastic Approach (NSA) – unjustly – pretends to promote a better understanding of price index (PI) formulas by viewing them as regression coefficients. As prices in the NSA are assumed to be collected in a random sample (what is particularly at odds with official price statistics), PIs are random variables so that not only a point estimate but also an interval ISBN: OCLC Number: Description: xiv, pages ; 22 cm: Contents: 1.

Introduction Construction of Index Numbers: A Review Stochastic Approach to Index Numbers Measurement Of Inflation Fixed And Chain Base Index Numbers Index Numbers For Spatial Comparisons Data-Related Issues in Index ://   stochastic approach to index number theory, the price index is regarded as an evenly weighted av-erage of the n price relatives or ratios, ri.

Carli (; originally published in ) and Jevons (, ) were the early pioneers in this ap-proach to index number theory, with Carli using   (). A Note on the Stochastic Approach to Index Numbers. Journal of Business & Economic Statistics: Vol. 7, No. 4, pp. approaches to index number construction by Ragnar Frisch () and the con-sequent work of Theil () on the stochastic approach to index numbers, the stochastic approach has been slowly developing.

More recent interest on this approach started with the work of Clements and Izan () and Selvanathan (), where the stochastic approach STOCHASTIC APPROACH TO INDEX NUMBERS FOR MULTILATERAL PRICE COMPARISONS AND THEIR STANDARD ERRORS.

Gholamreza Hajargasht. Shiraz University, Iran and CEPA, The University of Queensland. Search for more papers by this author. Prasada Rao. Corresponding Author. CEPA, The University of :// Index numbers: a stochastic approach E.A.

Selvanathan and D.S. Prasada Rao Macmillan, hard: pbk   Consumer price index manual Theory and practice Price: francs Consumer price index manual: Theory and practice The consumer price index (CPI) measures   Stochastic Approach Gholamreza Hajargasht and D.S.

Prasada Rao Abstract In this paper, we introduce a new class of index numbers for international price comparisons. We prove the existence and uniqueness of the new price index. We then propose a stochastic approach to the Ikle () and the new system of index ://   Relative Strength Index.

Jack D. Schwager, the co-founder of Fund Seeder and author of several books on technical analysis, uses the term "normalized" to describe stochastic The “Stochastics” indicator is a popular member of the “Oscillator” family of technical Lane created the Stochastics oscillator when he observed that, as markets reach a peak, the closing prices tend to approach the daily highs, and ://.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): The main objective of the paper is to demonstrate that a number of widely used multilateral index numbers for international comparisons of purchasing power parities (PPPs) and real incomes can be derived using the stochastic approach.

The paper shows that price index numbers from commonly used methods like the Iklé ?doi=This study attempts to estimate the rate of inflation in Pakistan by a stochastic approach to index numbers which provides not only point estimate but also confidence interval for inflation estimate.

There are two approaches to index number theory namely: the functional economic approach and the stochastic approach. The attraction of stochastic approach is that it estimates the rate of   After decades of prominence enjoyed by the axiomatic and economic theoretic approaches, stochastic approach had a resurgence through Clements and Izan (), Selvanathan and Rao (), Clements et al.

() and Diewert (). 2 These contributions consider stochastic approach to index numbers as a problem of signal extraction from the