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Comparing Basic Averages, Index Numbers and Hedonic Methods as Price Change Statistic

Authors: Antti Suoperä; Kristiina Nieminen; Satu Montonen; Hannele Markkanen;

Comparing Basic Averages, Index Numbers and Hedonic Methods as Price Change Statistic

Abstract

Measurement of price change is based on averages - also, hedonic price index numbers. As NSIs obtain scannerdata having varying content, question arise: what is correct average to use? We compare in this paper price change estimates based on most known averages and index numbers including quality adjusted methods. All analysis is done in logarithmic scale. The statistical analysis of our data is based on graphical presentations and mathematical analysis is presented mostly in our earlier papers.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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Average
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