Producer Price Index Manual: Theory and Practice ... - METAC

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Producer Price Index Manual USAGE CHARGES OTHER THAN TIME Landline, per call 2 0.1500 0.3000 Other charges, Daily rate 1 1.5000 1.5000 FEATURES/OPTIONS AND FEATURE PACKAGES Custom calling package 0.65 3.4600 2.2490 Call waiting 0.20 4.8500 0.9700 Call forwarding 0.10 5.1500 0.5150 3-way conference 0.05 5.7500 0.2875 No answer transfer 0.10 4.2500 0.4250 Voice messaging 0.20 4.8000 0.9600 BASE PERIOD TOTAL 97.0686 294
11. Errors and Bias in the PPI A. Introduction 11.1 A number of sources of error and bias have been discussed in the preceding chapters and will be discussed again in subsequent chapters. The purpose of this chapter is to briefly summarize such sources to provide a readily accessible overview. Both conceptual and practical issues will be covered. To be aware of the limitations of any PPI, it is necessary to consider what data are required, how they are to be collected, and how they are to be used to obtain overall summary measures of price changes. The production of PPIs is not a trivial task, and any program of improvement must match the estimated cost of a potential improvement in accuracy against the likely gain. In some instances, one may have to take into account the user requirements necessary to meet specific needs or engender more faith in the index, in spite of the relatively limited gains in accuracy matched against their cost. 11.2 Figure 11.1 outlines the potential sources of error and bias in PPIs. The distinction between errors and bias is, however, first considered in Section B. In sampling, for example, the nature of the sample design (example, the use of cutoff sampling–see Chapter 5) may bias the sample toward larger establishments whose average item price changes are below the average of all establishments. In contrast, an unrepresentative sample with Figure 11.1. Outline of Sources of Error and Bias Uses and Concepts Coverage, valuation, and sampling unit Sampling error and bias: - sampling of establishments - sampling of products Price measurement - response error or bias - missing establishments - missing products Substitution bias - elementary level - weighted level 295
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Contents Foreword..................
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Contents D. The Incorporating of Ne
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Contents E. Industry Price Indices
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Contents Table 19.23 Manufacturing
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Foreword This Producer Price Index
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Preface The ILO, IMF, OECD, UNECE,
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Preface source (rather than requiri
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Preface tremendous concern with sam
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Preface among countries. However, t
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Preface Chapter 6 Chapter 7 Chapter
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Reader’s Guide International manu
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Reader’s Guide the System of Nati
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Abbreviations ABS ABS AF ANZIC ATM
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Abbreviations OLS Ottawa Group P C
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PART I Methods, Uses, and Coverage
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Producer Price Index Manual The exp
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Producer Price Index Manual B.1 Pri
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Producer Price Index Manual and qua
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Producer Price Index Manual D. The
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Producer Price Index Manual also ar
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Producer Price Index Manual theoret
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Producer Price Index Manual C. Geog
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PART II Compilation Issues
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Producer Price Index Manual C. Appr
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Producer Price Index Manual Figure
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Producer Price Index Manual source
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Producer Price Index Manual prices
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5. Sampling Issues in Price Collect
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Producer Price Index Manual • Wil
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Producer Price Index Manual tory su
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Producer Price Index Manual D.1.2 C
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Producer Price Index Manual Table 5
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Producer Price Index Manual RESPOND
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7. Treatment of Quality Change A. I
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Producer Price Index Manual current
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7. Treatment of Quality Change Tabl
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9. PPI Calculation in Practice clud
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14. The System of Price Statistics
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I 14. The System of Price Statistic
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15. Basic Index Number Theory 371 k
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15. Basic Index Number Theory 383 n
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15. Basic Index Number Theory 395 C
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15. Basic Index Number Theory 399 A
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16. Axiomatic and Stochastic Approa
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17. Economic Approach A. Introducti
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17. Economic Approach possibilities
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18. Aggregation Issues A. Introduct
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19. Price Indices Using an Artifici
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20. Elementary Indices Any aggregat
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20. Elementary Indices listed in Ch
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20. Elementary Indices (20.41) M
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20. Elementary Indices price collec
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21. Quality Change and Hedonics 21.
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22. Treatment of Seasonal Products
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