The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability (Classic Reprint) - Hardcover

Irving Fisher

Hardcover

ISBN 10: 0656386045 ISBN 13: 9780656386048

Publisher: Forgotten Books, 2018

Synopsis

Unlock the science of measuring value in a changing world.

This book explains how economists test and compare index numbers, revealing which methods are precise and why some formulas work better than others.

This volume surveys more than a hundred index-number formulas, showing how calculations with real data reveal the strengths and limits of each method. It emphasizes practical tests that distinguish reliable measures from misleading ones, and it shows how sound methods can be used to track real wages, prices, and purchasing power over time.

• How to test index numbers with actual historical data for accuracy and reliability
• Which formulas yield consistent results across different economic contexts
• Ways to save time in calculation without sacrificing quality
• Reasons why a well-chosen method matters for contracts, currency measures, and wage schedules

Ideal for readers seeking a grounded, applied understanding of economic measurement and the tools behind price level analysis and economic indicators.

Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 0656386045
• ISBN 13: 9780656386048
• Binding: Hardcover
• Number of pages: 560