Scanner Data And Price Indexes
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Scanner Data and Price Indexes
Author: Robert C. Feenstra
language: en
Publisher: University of Chicago Press
Release Date: 2007-11-01
Every time you buy a can of tuna or a new television, its bar code is scanned to record its price and other information. These "scanner data" offer a number of attractive features for economists and statisticians, because they are collected continuously, are available quickly, and record prices for all items sold, not just a statistical sample. But scanner data also present a number of difficulties for current statistical systems. Scanner Data and Price Indexes assesses both the promise and the challenges of using scanner data to produce economic statistics. Three papers present the results of work in progress at statistical agencies in the U.S., United Kingdom, and Canada, including a project at the U.S. Bureau of Labor Statistics to investigate the feasibility of incorporating scanner data into the monthly Consumer Price Index. Other papers demonstrate the enormous potential of using scanner data to test economic theories and estimate the parameters of economic models, and provide solutions for some of the problems that arise when using scanner data, such as dealing with missing data.
Consumer Price Index Manual
Author: International Labour Office
language: en
Publisher: International Labour Organization
Release Date: 2004-08-25
The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.
Using Scanner Data for Food Policy Research
Using Scanner Data for Food Policy Research is a practitioners' guide to using and interpreting scanner data obtained from stores and households in policy research. It provides practical advice for using the data and interpreting their results. It helps the reader address key methodological issues such as aggregation, constructing price indices, and matching the data to nutrient values. It demonstrates some of the key econometric and statistical applications of the data, including estimating demand systems for policy simulation, analyzing effects of food access on food choices, and conducting cost-benefit analysis of food policies. This guide is intended for early-career researchers, particularly those working with scanner data in agricultural and food economics, nutrition, and public health contexts. - Describe different types of scanner data, the types of information available in the data, and the vendors that offer these data - Describe food-label data that can be appended to scanner data - Identify key questions that researchers should consider when acquiring scanner and label data for food policy research - Demonstrate how to use scanner data using tools from econometric and statistical analyses, including the limitations in interpreting results using the data - Describe and resolve key methodological issues related to using the data to facilitate more rapid analyses - Provide an overview of published literature as background for designing new studies - Demonstrate key applications of the data for food policy research