The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability (Classic Reprint) - Softcover

Fisher, Irving

9781440065248: The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability (Classic Reprint)

Softcover

ISBN 10: 1440065241 ISBN 13: 9781440065248

Verlag: Forgotten Books, 2018

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Von EUR 22,61

Unlock the science of measuring value in a changing world. This book explains how economists test and compare index numbers, revealing which methods are precise and why some formulas work better than others.

This volume surveys more than a hundred index-number formulas, showing how calculations with real data reveal the strengths and limits of each method. It emphasizes practical tests that distinguish reliable measures from misleading ones, and it shows how sound methods can be used to track real wages, prices, and purchasing power over time.

How to test index numbers with actual historical data for accuracy and reliability

Which formulas yield consistent results across different economic contexts

Ways to save time in calculation without sacrificing quality

Reasons why a well-chosen method matters for contracts, currency measures, and wage schedules

Ideal for readers seeking a grounded, applied understanding of economic measurement and the tools behind price level analysis and economic indicators.

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Verlag: Forgotten Books
Erscheinungsdatum: 2018
Sprache: Englisch
ISBN 10: 1440065241
ISBN 13: 9781440065248
Einband: Taschenbuch
Anzahl der Seiten: 560
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The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability

Irving Fisher

Verlag: Forgotten Books, 2010

ISBN 10: 1440065241 ISBN 13: 9781440065248

Neu Paperback

Print-on-Demand

Anbieter: Forgotten Books, London, Vereinigtes K�nigreich

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Paperback. Zustand: New. Print on Demand. This book delves into the complex world of index numbers, a crucial tool for measuring economic phenomena like inflation, cost of living, and wage fluctuations. While seemingly straightforward, the construction of index numbers involves intricate choices and methodologies, each with its own strengths and weaknesses. Through meticulous analysis and calculations based on historical data, the author unveils the surprising inaccuracies of some commonly used formulas, while highlighting others with remarkable precision. This exploration clarifies the essential attributes of reliable index numbers and provides practical guidance for their efficient calculation. By demystifying the "fairness" of index numbers and exposing the hidden biases within different approaches, this book equips readers with the knowledge to critically evaluate these powerful economic indicators. Ultimately, it demonstrates how the careful construction and application of index numbers can replace guesswork with scientific measurement, paving the way for a deeper understanding of our economic world. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verk�ufers 9781440065248_0

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