SIMULATED SAMPLING DISTRIBUTION OF PRICE INDEX NUMBERS
by Jayant Dubey and Diwakar Shukla.
Index numbers represent change
over two different situations. They give
an indication of the scenario of the
economic pressure related to market
situations. The sampling distribution is
helpful in explaining the variability of
estimates due to sampling. This paper
presents an examination of sampling
distribution of price index numbers.
Graphical plots of various price indices
showing the concentration of index
estimates around the expected value are
included. Several different weighted
aggregate price indices are discussed in
detail in the form of sampling
distributions using numerical support. A
comparison among them is made using
simulation method and some useful
conclusions related to moments are also
Index Number, Sampling
Distribution, Prices, Quantity, SRSWOR,
Raw Moments and Central
Jayant Dubey, firstname.lastname@example.org
Diwakar Shukla, email@example.com
JAMES KNAUB, JAMES.KNAUB@eia.doe.gov
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