IDEAS home Printed from https://ideas.repec.org/a/taf/jnlbes/v36y2018i3p516-522.html
   My bibliography  Save this article

Scanner Data Price Indexes: Addressing Some Unresolved Issues

Author

Listed:
  • Daniel Melser

Abstract

Scanner data are increasingly being used in the calculation of price indexes such as the CPI. The preeminent approach is the RYGEKS method (Ivancic, Diewert and Fox 2011). This uses multilateral methods to construct price parities across a rolling year then links these to construct a nonrevisable index. While this approach performs well there remain some unresolved issues, in particular; the optimal window length and the linking method. In this note, these questions are addressed. A novel linking method is proposed along with the use of weighted GEKS as opposed to a fixed window. These approaches are illustrated empirically on a large scanner dataset and perform well.

Suggested Citation

  • Daniel Melser, 2018. "Scanner Data Price Indexes: Addressing Some Unresolved Issues," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 36(3), pages 516-522, July.
    • Handle: RePEc:taf:jnlbes:v:36:y:2018:i:3:p:516-522
    DOI: 10.1080/07350015.2016.1218339
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/07350015.2016.1218339
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/07350015.2016.1218339?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert J. Hill & Alicia N. Rambaldi & Michael Scholz, 2021. "Higher frequency hedonic property price indices: a state-space approach," Empirical Economics, Springer, vol. 61(1), pages 417-441, July.
    2. Enzo D’Innocenzo & Alessandra Luati & Mario Mazzocchi, 2023. "A robust score-driven filter for multivariate time series," Econometric Reviews, Taylor & Francis Journals, vol. 42(5), pages 441-470, May.
    3. Daniel Melser & Michael Webster, 2021. "Multilateral Methods, Substitution Bias, and Chain Drift: Some Empirical Comparisons," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 67(3), pages 759-785, September.
    4. Jacek Białek, 2023. "Improving quality of the scanner CPI: proposition of new multilateral methods," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 2893-2921, June.
    5. Daniel Melser, 2019. "Valuing the quantity and quality of product variety to consumers," Empirical Economics, Springer, vol. 57(6), pages 2107-2128, December.
    6. Ludwig von Auer, 2024. "Inflation Measurement in the Presence of Stockpiling and Smoothing of Consumption," Research Papers in Economics 2024-02, University of Trier, Department of Economics.
    7. repec:grz:wpaper:2016-13 is not listed on IDEAS

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jnlbes:v:36:y:2018:i:3:p:516-522. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/UBES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.