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A Comment on the Construction of Price Index Numbers

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  • K. S. Banerjee

Abstract

In an article on index numbers that appeared in this journal Dr Ruderman was led to consider the average price, obtained from family budgets, of a group of commodities. Dr Banerjee shows in the present article that, under certain conditions, an unbiased estimate of this quantity may be computed as the average price weighted with quantities sold in the market.

Suggested Citation

  • K. S. Banerjee, 1956. "A Comment on the Construction of Price Index Numbers," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 5(3), pages 207-210, November.
    • Handle: RePEc:bla:jorssc:v:5:y:1956:i:3:p:207-210
    DOI: 10.2307/2985422
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