Scanner data and price indexes
By: edited by Robert C. Feenstra and Matthew D. Shapiro.
Publisher: University of Chicago Press
Published: 2002
Place of publication: Chicago, IL
Language: eng
Number of pages: 393
Description: This book assesses both the promise and the challenges of using scanner data to produce economic statistics. Three chapters 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 chapters 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.