Carruthers and Sellwood developed a method of calculating them using the harmonic mean, and the one named for Konus attempts to incorporate the substitution effect.
Carruthers and Sellwood developed a method of calculating them using the harmonic mean, and the one named for Konus attempts to incorporate the substitution effect. For real estate, one of the most commonly used forms of these entities is the Case-Shiller one. Two methods for calculating these quantities differ only by scaling quantities from the end of a period or scaling quantities over the beginning of a period and are known as the Paasche and Laspeyres methods. In the U.S., the most commonly used one is computed by the Bureau of Labor Statistics, which fixes a basket of goods and then checks it against the cost of living. For 10 points, identify these measures of the overall cost of the goods and services purchased by a consumer.
Carruthers and Sellwood developed a method of calculating them using the harmonic mean, and the one named for Konus attempts to incorporate the substitution effect.
price indices or price indexes [prompt on "price(s)"]