| Scanner Data and Price Indexes: Volume 64 Contributor(s): Feenstra, Robert C. (Editor), Shapiro, Matthew D. (Editor) |
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ISBN: 0226239659 ISBN-13: 9780226239651 Publisher: University of Chicago Press OUR PRICE: $98.01 Product Type: Hardcover - Other Formats Published: February 2002 Annotation: Every time you buy a can of tuna or a new television, its bar code is scanned to record its price and other information. These "scanner data" offer a number of attractive features for economists and statisticians, because they are collected continuously, are available quickly, and record prices for all items sold, not just a statistical sample. But scanner data also present a number of difficulties for current statistical systems. "Scanner Data and Price Indexes" assesses both the promise and the challenges of using scanner data to produce economic statistics. Three papers 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 papers 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. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Microeconomics |
| Dewey: 338.528 |
| LCCN: 2002075288 |
| Series: National Bureau of Economic Research Studies in Income and W |
| Physical Information: 1.08" H x 6.3" W x 9.44" (1.50 lbs) 368 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Every time you buy a can of tuna or a new television, its bar code is scanned to record its price and other information. These scanner data offer a number of attractive features for economists and statisticians, because they are collected continuously, are available quickly, and record prices for all items sold, not just a statistical sample. But scanner data also present a number of difficulties for current statistical systems. Scanner Data and Price Indexes assesses both the promise and the challenges of using scanner data to produce economic statistics. Three papers 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 papers 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. |
Contributor Bio(s): Feenstra, Robert C.: - Robert C. Feenstra is professor in the Department of Economics at the University of California, Davis, where he also holds the C. Bryan Cameron Distinguished Chair in International Economics. He is director of the International Trade and Investment Program of the NBER. |