A unified framework for calculating aggregate commodity prices from a census dataset

Q3 Social Sciences

Journal of Economic and Social Measurement Pub Date : 2018-07-19 DOI:10.3233/JEM-180453

Michaela Dalton, B. Fissel

引用次数: 1

Abstract

Economic data collection from commodities producers in the United States typically consists of revenues and quantities. While the data collected in some sectors such as fisheries are a census of the population, features of the population such as prices, must be calculated. Unit values are widely used as a price measure to impose a single price in place of dispersed ratios of revenue to quantity from individual producers but alternatives exist. In this paper, different linear aggregation procedures are used to calculate price measures, such as ratio-based calculations (e.g., ratio-of-means, mean-of-ratios), or estimation by ordinary least squares. There are non-trivial differences in the prices calculated depending on the procedure. This paper proposes a unified framework, including Bayesian estimation, for considering the tradeoffs inherent in the different methods commonly employed.

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从人口普查数据集计算商品总价格的统一框架

从美国商品生产商收集的经济数据通常包括收入和数量。虽然在渔业等一些部门收集的数据是对人口的人口普查，但必须计算人口的特征，如价格。单位价值被广泛用作一种价格衡量标准，用单一的价格来代替单个生产者的收入与数量的分散比率，但也存在替代品。在本文中，使用不同的线性聚合程序来计算价格度量，例如基于比率的计算（例如，平均值比率、比率平均值），或通过普通最小二乘法进行估计。根据程序计算的价格存在不小的差异。本文提出了一个统一的框架，包括贝叶斯估计，用于考虑常用的不同方法中固有的权衡。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic and Social Measurement Social Sciences-Social Sciences (all)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics. The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.