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Estimating The Variance Of Food Price Inflation

Author

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  • Blisard, Noel
  • Blaylock, James R.

Abstract

Stochastic index theory views each commodity price change as an independent observation on the rate of inflation that can be estimated by averaging over all prices. Our methodology estimates both the overall rate of inflation and relative price changes along with standard errors.

Suggested Citation

  • Blisard, Noel & Blaylock, James R., 1993. "Estimating The Variance Of Food Price Inflation," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(01), pages 1-8, July.
    • Handle: RePEc:ags:joaaec:15217
    DOI: 10.22004/ag.econ.15217
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    References listed on IDEAS

    as
    1. Clements, Kenneth W & Izan, H Y, 1987. "The Measurement of Inflation: A Stochastic Approach," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(3), pages 339-350, July.
    2. Haidacher, Richard C., 1983. "Assessing Structural Change in the Demand for Food Commodities," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 15(1), pages 31-37, July.
    3. Haidacher, Richard C., 1983. "Assessing Structural Change In The Demand For Food Commodities," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(01), pages 1-7, July.
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    Keywords

    Demand and Price Analysis;

    Statistics

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