evaluateMatched: Evaluate product overlap between periods

In IndexNumR: Index Number Calculation

Evaluate product overlap between periods

Description

Evaluate the counts and expenditure for each period with and without matching items across periods.

Usage

evaluateMatched(x, pvar, qvar, pervar, prodID, output = "chained")

Arguments

x	A dataframe containing price, quantity, a time period identifier and a product identifier. It must have column names.
pvar	A character string for the name of the price variable
qvar	A character string for the name of the quantity variable
pervar	A character string for the name of the time variable. This variable must contain integers starting at period 1 and increasing in increments of 1 period. There may be observations on multiple products for each time period.
prodID	A character string for the name of the product identifier
output	A character string specifying whether the matching should be done assuming a chained index or a fixed base index. No index is actually computed, but the matching needs to know which periods are being compared. Default is chained.

Value

A list of two matrices, one for expenditures and one for counts. The first four columns present the base period information base_index (the base time period), base (base period expenditure or count), base_matched (the expenditure or count of the base period after matching), base_share (share of total expenditure in the base period that remains after matching). Columns 5-8 are defined analogously for the current period. The matched numbers for the base period should be interpreted as the count or expenditure that remains after removal of products that exist in the base period, but not in the current period. That is, products that existed in the base period but no longer exist in the current period are removed by the matching. If new products exist in the current period that were not available in the base period, this does not affect the matched base period expenditure or count. The appearance of new products is captured in the current period matched expenditure and counts. Therefore, a base period share that is less than 1 indicates that products have disappeared, while a current period share less than 1 indicates that new products have appeared.

The count matrix has two additional columns, "new" and "leaving". The new column gives the number of products that exist in the current period but not the base period. The leaving column gives the count of products that exist in the base period but not the current period. Matching removes both of these types of products.

Examples

# create CES_sigma_2 dataset removing the observation in time period 4
# on product 1
df <- CES_sigma_2[!(CES_sigma_2$time==4 & CES_sigma_2$prodID==1),]
# evaluate the overlap between periods for this dataset assuming
# a chained index
evaluateMatched(df, pvar="prices", qvar="quantities", pervar="time",
prodID = "prodID", output="chained")

IndexNumR documentation built on Nov. 11, 2023, 1:07 a.m.