A COMPREHENSIVE SIMULATION STUDY ON PRICE INDEX NUMBERS
by Azhar Mehmood Abbasi
Index numbers are used to explore periodic average change in commodities
including basket items. It is very come to statistician to determine the sampling
distribution of estimates of indices. Dubey and Shukla (2008) discussed the sampling
distribution of price indices. But they did not articulate the impact of increased sample
size on the shape of sampling distribution of indices. In this article we will conduct a
comprehensive simulation study of price index numbers and try to determine which
distribution they follow with increase in sample size. Graphical plots and Central
Moments are used to find the shapes of sampling distributions of the indices.
Index Number, Basket Items, Sampling Distribution, Prices, Quantities, SRSWOR,
Central Moments and Normal Distribution
Azhar Mehmood Abbasi,
Knaub, James R,, jamesRknaub@gmail.com
READING THE ARTICLE: You can read the article in
portable document (.pdf) format (88338 bytes.)
If you have any comments or for further discussion, contact an author.
NOTE: The content of this article is the intellectual property of the
authors, who retains all rights to future publication.
This page has been accessed 863 times since MARCH 08, 2014.
Return to the Home Page.