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Testing the RPI data for consistency with the theory of the cost-of-living index
Get PDFThis paper tests the published section level price and weight data
used in the compilation of the UK Retail Prices Index for consistency
with the theory of the cost-of-living index. We use a nonparametric test
of theoretical consistency and bootstrap statistical methods to estimate
the probability of consistency
Testing the RPI data for consistency with the theory of the cost-of-living index
Get PDFThis paper tests the published section level price and weight dataused in the compilation of the UK Retail Prices Index for consistencywith the theory of the cost-of-living index. We use a nonparametric testof theoretical consistency and bootstrap statistical methods to estimatethe probability of consistency.
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