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Silver built an innovative system for predicting baseball performance, predicted the 2008 election within a hair's breadth, and became a national sensation as a blogger. Drawing on his own groundbreaking work, Silver examines the world of prediction
Forecasting --- Bayesian statistical decision theory --- Knowledge, Theory of --- Methodology --- History --- #SBIB:303H521 --- 551.509 --- Methoden sociale wetenschappen: waarschijnlijkheid --- Weather forecasting. Artificial influencing of weather --- Forecasting. --- Bayesian statistical decision theory. --- Knowledge, Theory of. --- Methodology. --- History. --- 551.509 Weather forecasting. Artificial influencing of weather --- Epistemology --- Theory of knowledge --- Philosophy --- Psychology --- Forecasts --- Futurology --- Prediction --- Bayes' solution --- Bayesian analysis --- Statistical decision --- AA / International- internationaal --- 331.061 --- 304.5 --- 305.6 --- 303.49 --- Economische vooruitzichten --- Techniek van de statistische-econometrische voorspellingen. Prognose in de econometrie --- Risicotheorie, speltheorie. Risicokapitaal. Beslissingsmodellen --- Forecasting - Methodology --- Forecasting - History
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Index number theory informs us that if data on matched prices and quantities are available, a superlative index number formula is best to aggregate heterogeneous items, and a unit value index to aggregate homogeneous ones. The formulas can give very different results. Neglected is the practical case of broadly comparable items. This paper provides a formal analysis as to why such formulas differ and proposes a solution to this index number problem.
Business & Economics --- Economic Theory --- Index numbers (Economics) --- Economic indicators. --- Business indicators --- Economic indicators --- Indicators, Business --- Indicators, Economic --- Leading indicators --- Numbers, Index --- Economic history --- Quality of life --- Economic forecasting --- Social indicators --- Economics --- Prices --- Indexation (Economics) --- Macroeconomics --- Index Numbers and Aggregation --- leading indicators --- Methodology for Collecting, Estimating, and Organizing Microeconomic Data --- Price Level --- Inflation --- Deflation --- Production, Pricing, and Market Structure --- Size Distribution of Firms --- Information and Product Quality --- Standardization and Compatibility --- Price indexes --- Export price indexes
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Unit value export and import indices compiled from returns to customs authorities are often used as surrogates for price indices in the measurement of inflation transmission, terms of trade (effects), and to deflate import and export value series to derive volume series. Their widespread use is mainly due to their relatively low cost compared with establishment price surveys. This paper provides evidence of substantial bias in their representation of such price changes. Their continued use would mislead economic analysis. The paper considers the efficacy of alternative strategies for their improvement, and argues for a move to establishment-based price surveys.
Exports and Imports --- Macroeconomics --- Price Level --- Inflation --- Deflation --- Trade: General --- Empirical Studies of Trade --- International economics --- Price indexes --- Exports --- Imports --- Import price indexes --- Terms of trade --- Economic policy --- nternational cooperation --- Germany
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A key element in the build-up to the global recession and subsequently was the movement in house price indexes (HPIs). These indexes are particularly prone to methodological and coverage differences which can undermine both within-country and cross-country economic analysis. The paper outlines key measurement issues and reports on empirical work using an international panel data set that (i) considers whether differences in HPI measurement matter and, if so, in what way, and (ii) revisits the measurement of global house price inflation and the modeling of the determinants of house price inflation using HPIs corrected for differences in measurement practice.
Finance --- Business & Economics --- Financial Management & Planning --- Foreign Exchange --- Inflation --- Macroeconomics --- Time-Series Models --- Dynamic Quantile Regressions --- Dynamic Treatment Effect Models --- Diffusion Processes --- State Space Models --- Price Level --- Deflation --- Economywide Country Studies: Asia including Middle East --- Currency --- Foreign exchange --- Exchange rate pass-through --- Exchange rate adjustments --- Exchange rates --- Consumer price indexes --- Prices --- Price indexes --- Infrastructure --- Real Estate --- Index Numbers and Aggregation --- leading indicators --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- Housing Supply and Markets --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Property & real estate --- Housing prices --- House price indexes --- Asset prices --- National accounts --- Saving and investment --- Maldives --- United Kingdom
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The IMF’s main uses of the International Comparison Program’s (ICP) estimates of purchasing power parity (PPP)-adjusted Gross Domestic Product (GDP) are as an element of the formula used to help guide decisions on its members’ quotas and in the World Economic Outlook (WEO). The paper outlines these uses and considers measurement issues particularly salient to IMF usage including: PPP imputations for member countries not participating in the ICP; PPP estimates for non-benchmark years; timeliness and periodicity of PPP estimates; economy groupings; and transparency. The paper was written as a chapter on ?IMF uses of PPPs? for the 2011 ICP Handbook.
Foreign exchange --- Purchasing power parity. --- Mathematical models. --- Law of one price --- One price, Law of --- Parity, Purchasing power --- Foreign Exchange --- Public Finance --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- National Government Expenditures and Related Policies: General --- Currency --- Public finance & taxation --- Purchasing power parity --- Public investment and public-private partnerships (PPP) --- Market exchange rates --- Exchange rates --- Expenditure --- Public-private sector cooperation --- Expenditures, Public --- United States
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Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i) is weighted at a basic level; (ii) has a new (quasi-) superlative form and thus mitigates substitution bias; (iii) is suitable for sparse data in thin markets; and (iv) only requires the periodic estimation of hedonic regressions for reference periods and is not subject to the vagrancies of misspecification and estimation issues.
Housing --- Hedonic damages --- Inflation (Finance) --- Prices --- Mathematical models. --- Finance --- Natural rate of unemployment --- Loss of enjoyment of life damages --- Quality of life damages --- Damages --- Affordable housing --- Homes --- Houses --- Housing needs --- Residences --- Slum clearance --- Urban housing --- City planning --- Dwellings --- Human settlements --- Law and legislation --- Social aspects --- Investments: Metals --- Inflation --- Macroeconomics --- Real Estate --- Index Numbers and Aggregation --- leading indicators --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- Price Level --- Deflation --- Housing Supply and Markets --- Nonagricultural and Nonresidential Real Estate Markets --- Metals and Metal Products --- Cement --- Glass --- Ceramics --- Property & real estate --- Investment & securities --- Price indexes --- Land prices --- Consumer price indexes --- Silver --- Commodities --- United States
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The Intangibles. The X-Factors.1. The Big Idea2. Your Vision3. High Margins and Premium Prices4. Get It Out The Door5. Test and Improve6. Listen and Shift7. Create Zealots8. What's Next?9. Tap Your Mastermind10. Create the Fun11. Create the ImpactShattering the myth that you need money to make money, serial entrepreneur and millionaire Yanik Silver reveals the 11 X-Factors to turn your big idea into even bigger profits?without taking on debt, partnering with outside investors, or even writing a business plan.We're not talking your t
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Recasting labor studies in a long-term and global framework, this 2003 book draws on a major database on world labor unrest to show how local labor movements have been related to world-scale political, economic and social processes since the late-nineteenth century. Through an in-depth empirical analysis of select global industries it demonstrates how the main locations of labor unrest have shifted from country to country together with shifts in the geographical location of production. It shows how the main sites of labor unrest have shifted over time together with the rise/decline of new leading sectors of capitalist development, and demonstrates that labor movements have been deeply embedded (as both cause and effect) in world political dynamics. The book concludes by exploring the likely forms that emergent labor movements will take in the twenty-first century.
Labor movement --- Labor disputes --- Capitalism --- Globalization --- Mouvements ouvriers --- Travail --- Capitalisme --- Mondialisation --- History --- Economic aspects --- Histoire --- Conflits --- Aspect économique --- AA / International- internationaal --- 332.87 --- Syndicaten. Beroepsverenigingen. Arbeidersverenigingen. --- Automobile industry workers --- Business relocation --- Manufacturing processes --- Textile workers --- History. --- Aspect économique --- Textile industry --- Employees --- Industrial processing --- Manufacture --- Process engineering (Manufactures) --- Processes, Manufacturing --- Processing, Industrial --- Production processes --- Industrial arts --- Production engineering --- Machine-tools --- Materials --- Actions, Job --- Disputes, Labor --- Industrial disputes --- Job actions --- Industrial relations --- Global cities --- Globalisation --- Internationalization --- International relations --- Anti-globalization movement --- Business --- Relocation of business --- Industrial location --- Auto workers --- Automobile construction workers --- Automobile workers --- Automobile industry and trade --- Economic aspects&delete& --- Syndicaten. Beroepsverenigingen. Arbeidersverenigingen --- Law and legislation --- Removal --- Social Sciences --- Political Science --- GLOBALISM -- 331.1
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The Consumer Price Index Manual (2004) provides guidelines for aggregation formulas that are promulgated at IMF training courses and technical assistance missions. This paper develops elementary level aggregation theory to better inform users and compilers. Most countries use either the Dutot or Jevons index formula. These formulas generally give different results; advice on choice of formula matters. Using an approach based on sample estimators, and an illustration based on scanner data, the paper shows how differences in these formulas can be explained by changes in price dispersion and, in turn, by product heterogeneity. Implications for choice of formula are considered.
Consumer price indexes. --- Electronic books. -- local. --- Price indexes. --- Business & Economics --- Economic Theory --- Price indices --- Consumer price index --- Cost of living indexes --- CPIs (Consumer price indexes) --- Retail price indexes --- Index numbers (Economics) --- Cost and standard of living --- Price indexes --- Macroeconomics --- Public Finance --- Demography --- Price Level --- Inflation --- Deflation --- Demographic Economics: General --- Labor Economics: General --- National Government Expenditures and Related Policies: General --- Population & demography --- Labour --- income economics --- Public finance & taxation --- Consumer price indexes --- Population and demographics --- Labor --- Expenditure --- Population --- Labor economics --- Expenditures, Public --- United Kingdom
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