On the factorial approach providing the true index of cost of living: an interpretation of a special pair of equations

On the factorial approach providing the true index of cost of living: an interpretation of a special pair of equations

This note presents an interpretation of a special pair of the six equations which were derived in the context of providing the true index of cost of living through what has been called "the factorial approache"[See Banerjee (1961a,b) and Banerjee (1975).]

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Bibliographische Detailangaben
Veröffentlicht in:Communications in statistics. Theory and methods 1978-01, Vol.7 (9), p.851-856
1. Verfasser: Banerjee, K.S.
Format: Artikel
Sprache:eng
Schlagworte:
demand dominated market
Laspeyres' index
Paasche's index
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Zusammenfassung:This note presents an interpretation of a special pair of the six equations which were derived in the context of providing the true index of cost of living through what has been called "the factorial approache"[See Banerjee (1961a,b) and Banerjee (1975).]
ISSN:0361-0926
1532-415X
DOI:10.1080/03610927808827676