The Making Of Index Numbers: A Study Of Their Varieties, Tests, And Reliability (1922) - Tapa dura

Fisher, Irving

9781436669740: The Making Of Index Numbers: A Study Of Their Varieties, Tests, And Reliability (1922)

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ISBN 10: 143666974X ISBN 13: 9781436669740

Editorial: Kessinger Publishing, 2008

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""The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability"" is a book written by the renowned economist Irving Fisher in 1922. The book provides a detailed analysis of index numbers, which are statistical tools used to measure changes in a set of related variables over time. Fisher's work focuses on the various types of index numbers, such as price, quantity, and value indices, and their applications in economics and finance. He also discusses the tests used to evaluate the accuracy and reliability of index numbers, including the Fisher Ideal Index Formula, which he developed. The book is a seminal work in the field of index number theory and has been widely cited by economists and statisticians. It is a valuable resource for anyone interested in understanding the development and use of index numbers in economic analysis.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

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Rese�a del editor

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

Rese�a del editor

THE MAKING OF INDEX NUMBERS CHAPTER I INTRODUCTION � 1. Objects of the Book For those who have'made any attempt to penetrate their mysteries, index numbers seem to have a perennial fascination. Because of recent upheavals of prices, the interest in this method of measuring such upheavals is rapidly spreading. During the last generation index numbers have gradually come into general use among economists, statisticians, and business men. The skepticism with which they were once regarded has steadily diminished. In 1896, in the Economic Journal, the Dutch economist, N. G. Pierson, after pointing out some apparently absurd results of index numbers, said: "The only possible conclusion seems to be that all attempts to calculate and represent average movements of prices, either by index numbers or otherwise, ought to be abandoned." No economist would today express such an extreme view. And yet there lingers a doubt as to the accuracy and reliability of index numbers as a means of measur

Table of Contents

TABLE OF CONTENTS; chapter PAGE; V Introduction 1; 1$ Six Types op Index Numbers Compared / 11; III) Four Methods of Weighting 1 43; IV) Two Great Reversal Tests 62; V Erratic, Biased, and Freakish Index Numbers; VI The Two Reversal Tests as Finders op Formulae 118; VII Rectifying Formulae by "Crossing" them 136 VIII Rectifying Formulae by Crossing their Weights 184; FX The Enlarged Series of Formula197; X What Simple Index Number is best?206; JXI What is the best Index Number? / 213; XII Comparing all the Index Numbers with the "Ideal/"; (Formula 353) 243; XIII The So-called Circular Test270; XIV Blending the Apparently Inconsistent Results 297; XV Speed of Calculation321; XVI Other Practical Considerations330; XVII Summary and Outlook350; Appendix I Notes to Text 371; Appendix II The Influence of Weighting ; 439; Appendix III An Index Number an Average of Ratios; Rather than a Ratio of Averages 451; xxii; TABLE OF

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