In the authors meaning, this work submits the merits of utilizing the chain based system for building up the price indices within the time series comparatively with the utilization of the fix base system. Meantime, the authors are emphasizing the different properties, axioms or tests, which...

The main reason why price statisticians might prefer a member of the family of Lowe or fixed basket price indices is that the fixed basket concept is easy to explain to the public. Note that the Laspeyres and Paasche indices are special cases of the pure price concept if we choose the reference...

The index number problem can be framed as the problem of decomposing the value of a well-defined set of transactions in a period of time into an aggregate price term times an aggregate quantity term. It turns out that this approach to the index number problem does not lead to any useful...