Application of Stochastic Index Numbers in Inflation Measurement – the Case of Poland

The stochastic approach is a specific way of viewing index numbers, in which uncertainty and statistical properties play a central role. This approach, applied to the prices, treats the underlying rate of infl ation as an unknown parameter that has to be estimated from the individual prices. Thus, t...

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Bibliographic Details
Main Author: Jacek Białek
Format: Article
Language:English
Published: Czech Statistical Office 2014-06-01
Series:Statistika: Statistics and Economy Journal
Subjects:
Online Access:http://www.czso.cz/csu/2014edicniplan.nsf/engc/01003BF6F0/$File/32019714q2046.pdf