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The bias that arises when the index number formula used for an output PPI systematically understates average price increases because it does not take into account that producers seeking to maximize revenue from a given technology and inputs may shift production to items with above average relative price increases.
Or, the bias that arises when the index number formula used for an input PPI systematically overstate average price increases because it does not take into account that producers seeking to minimize costs with a given technology and output may shift purchases of inputs to items with below average relative price increases.
Reference: http://stats.oecd.org/glossary/detail.asp?ID=5698
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The substitution bias in the cpi arises because the cpi?
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What is Marginal Rate of Substitution?
marginal rate of substitution
Is the height of an indifference curve the marginal rate of substitution?
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Difference between export promotion and import substitution?
what is d difference between import substitution and export promotion
The substitution bias in the cpi arises because the cpi?
strags.com
What is the Definition of substitution?
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What is Marginal Rate of Substitution?
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What is a sentence using the word substitution?
I can give you several sentences.Use that ingredient as a substitution for the one you don't have.He is going in as a substitution for the quarterback.This is a substitution for the real thing.Margarine could be used as a substitution.
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Substitution - song - was created in 2009.
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Successive Substitution was created in 1989.
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The Grand Substitution was created in 1965.
What is Definition marginal rate of substitution?
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Base substitution is a type of mutation that involves the substitution of a nucleotide base. It may be categorized as a transition or transversion.
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What is the difference between generic substitution and therapeutic substitution?
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