The paper illustrates how various commonly used index number formulae perform using monthly data on seasonal commodities (seven types of vegetable) that was collected by the Israeli Consumer Price Index program. The paper calculates standard Laspeyres, Paasche and Fisher indexes (fixed base and...

Data processes run by states, governments and the like have been a great deal and as old as the modern human history. Data had always been important. Tons were collected and siloed, but never in the past had its importance been felt as much as it had been when the last crisis broke out in 2008....

This paper discusses how specification of probabilistic models for multistate duration data generated by individual choices should be justified on a priori theoretical grounds. Preferences are assumed represented by random utilities, where utilities are viewed as random also to the agent...

In this paper we provide a brief overview of some of the most recent empirical research on spatial econometric models and spatial data mining. Data mining in general is the search for hidden patterns that may exist in large databases. Spatial data mining is a process to discover interesting,...

We address the bias from using potential vs. actual experience in earnings models. Statistical tests reject the classical errors-in-variable framework. The nature of the measurement error is best viewed as a model misspecification problem. We correct for this by modeling actual experience as a...

Philosophy of current knowledge distinguishes facts from values. It maintains that facts areobjective, indisputable, universally verifiable, and do not require to persuade. Since rhetoricis persuasion it is assumed to be deceptive and overlook reality. Therefore, statistics in itscurrent form...