Expense and volume indices are vital, much-used measuring tools, and it truly is for that reason essential to have a superb figuring out in their homes. This booklet is the 1st entire textual content on index quantity conception considering Irving Fisher's 1922 The Making of Index Numbers. The booklet covers intertemporal and interspatial comparisons; ratio- and difference-type measures; discrete and non-stop time environments; and top- and lower-level indices. Guided by way of monetary insights, this booklet develops the instrumental or axiomatic process. there is not any function for behavioral assumptions. as well as material chapters, whole chapters are dedicated to the wealthy background of the topic.
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