IndexNumber-package: Index Numbers in Social Sciences

In IndexNumber: Index Numbers in Social Sciences

Description

We provide an R tool for teaching in Social Sciences. It allows the computation of index numbers. It is a measure of the evolution of a fixed magnitude for only a product of for several products. It is very useful in Social Sciences. Among others, we obtain simple index numbers (in chain or in serie), index numbers for not only a product or weighted index numbers as the Laspeyres index (Laspeyres, 1864), the Paasche index (Paasche, 1874) or the Fisher index (Lapedes, 1978).

Details

The DESCRIPTION file: This package was not yet installed at build time.
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Once we have defined a magnitude for a product (of several products), we can analyse how it (they) evolves along the time. Index Numbers model this effect in Social Science. In this sense, several approaches may be considered. We include in this package several options of analysing this problem.

Author(s)

Alejandro Saavedra-Nieves, Paula Saavedra-Nieves

Maintainer: Alejandro Saavedra-Nieves <[e-mail]>

References

- (2004) Consumer Price Index Manual: Theory and Practice. ILO, IMF. CPI Manual OECD, UN, Eurostat, and The World Bank by ILO, Geneva.

Index Number (2008) In: The Concise Encyclopedia of Statistics. Springer, New York, NY. <doi:https://doi.org/10.1007/978-0-387-32833-1>.

Laspeyres, E. (1871) Die Berechnung einer mittleren Waarenpreissteigerung. Jahrb. Natl. Stat. 16, 296–314.

Paasche, H. (1874) Uber die Preisentwicklung der letzten Jahre nach den Hamburger Borsen-notirungen. Jahrb. Natl. Stat. 23, 168–178.

Examples

prices<-c(70,75,77,77,85,90,85,75,77,87,85,90,70,75,77,77,85,90)
index.number.serie(prices,name="Prices",opt.plot=TRUE,opt.summary=TRUE)

Example output

Index number in serie

Summary

Min.=100

Stage=12

Max.=128.571428571429

Stage=5

$Summary
   Min. 1st Qu.  Median    Mean 3rd Qu.    Max. 
  100.0   110.0   110.0   115.7   121.4   128.6 

$`Index number`
   Stages Prices Index number
1       0     70     100.0000
2       1     75     107.1429
3       2     77     110.0000
4       3     77     110.0000
5       4     85     121.4286
6       5     90     128.5714
7       6     85     121.4286
8       7     75     107.1429
9       8     77     110.0000
10      9     87     124.2857
11     10     85     121.4286
12     11     90     128.5714
13     12     70     100.0000
14     13     75     107.1429
15     14     77     110.0000
16     15     77     110.0000
17     16     85     121.4286
18     17     90     128.5714

IndexNumber documentation built on March 15, 2021, 5:08 p.m.