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The Statistics Producers' Corner
Oleh:
Parker, Robert P.
;
Grove, C. Brian
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 31 no. 3 (1996)
,
page 59-60.
Topik:
STATISTICS
;
statistics
;
producers' corner
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Effective with the consumer price index for june 1995, the bureau of labor statistics extended to all categories of items in the CPI the change in sample rotation procedures introduced in the january 1995 CPI for food - at - home categories. In addition, effective with the CPI for july 1996, the BLS will change the way it determines the weight of replacement items that enter the sample during certain types of item substitutions. These changes will complete the process of correcting a technical problem that ties an item's weight to its expected price change. BLS researchers originally identified this problem, and showed that it can lead to an overstatement of inflation whenever new items are introduced into the CPI sample. The senate finance committee's advisory commission to study the CPI has referred to this problem as "formula bias".
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