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RPI: a Really Profligate Index?
Author(s) -
Whelan Shane
Publication year - 2005
Publication title -
significance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.123
H-Index - 21
eISSN - 1740-9713
pISSN - 1740-9705
DOI - 10.1111/j.1740-9713.2005.00094.x
Subject(s) - index (typography) , economics , advertising , computer science , business , world wide web
High on the list of the top 10 most important statistics in any country must be the consumer (or retail) prices index. So it is not surprising to find that enormous effort goes into its calculation. But is this effort justified? Looking at lessons from history, Shane Whelan argues that, on the contrary, the index is profligately overengineered.