Laspeyres quantity index

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• Laspeyres index — ▪ economics       index proposed by German economist Étienne Laspeyres (1834–1913) for measuring current prices (price) or quantities in relation to those of a selected base period. A Laspeyres price index is computed by taking the ratio of the… …   Universalium

• index number — A number used to represent the changes in a set of values between a base year and the present. If the index reflects fluctuations in a single variable, such as the price of a commodity, the index number can be calculated using the formula: 100… …   Big dictionary of business and management

• Price index — A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to… …   Wikipedia

• Cost of living index — A cost of living index is a theoretical price index that measures relative cost of living over time. There are many different methodologies that have been developed to approximate cost of living indexes, including methods that allow for… …   Wikipedia

• Cost-of-living index — A cost of living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions to other items as prices… …   Wikipedia

• Hedonic index — Hedonic indexHedonic index is any price index, which uses information from hedonic regression. Hedonic regression describes how product price could be explained by the product scharacteristics. Hedonic price indexes proved to be very useful when… …   Wikipedia

• United States Consumer Price Index — The U.S. Consumer Price Index is a time series measure of the price level of consumer goods and services. The Bureau of Labor Statistics, which started the statistic in 1919, publishes the CPI on a monthly basis. The CPI is calculated by… …   Wikipedia

• List of price index formulas — A number of different formulas, at least hundreds, have been proposed as means of calculating price indexes. While price index formulas all use price and quantity data, they amalgamate this data in different ways. A price index generally… …   Wikipedia

• Paasche index — ▪ economics  index developed by German economist Hermann Paasche for measuring current price or quantity levels relative to those of a selected base period. It differs from the Laspeyres index in that it uses current period weighting (price… …   Universalium

• Terms of trade — In international economics and international trade, terms of trade or TOT is the relative prices of a country s export to import. Terms of trade are sometimes used as a proxy for the relative social welfare of a country, but this heuristic is… …   Wikipedia