engleski

Average Weights of the Composite Price Indices

The composite price indices are frequently used in official statistics and in economic analysis. In this paper the price indices are considered in the term of their weights. In literature there were unweighted indices which in case of quantity changes do not give the real situation about price changes. In practice are more frequently used weighted indices. Many of them are calculated according to the modified Laspeyres formula, which means with weights from the base period. That is the basic indices disadvantage. The suggestion is average weights from the base period and the period for which the index is computed. The comparative analysis is made on the Toyota's cars prices indices in Split - Dalmatian County in Croatia.

composite indices; price indices; estimating weights; average weights; harmonic mean weights

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