Proposition of Stochastic Postulates for Chain Indices
Proposition of Stochastic Postulates for Chain Indices
Author(s): Jacek BiałekSubject(s): Economy
Published by: Główny Urząd Statystyczny
Keywords: chain indices;price index theory;stochastic processes;martingales
Summary/Abstract: This article presents and discusses a proposition of stochastic postulates for chain indices. The presented postulates are based on the assumption that prices and quantities are stochastic processes and we consider also the case when price processes are martingales. We define general conditions which allow the chain indices to satisfy these postulates.
Journal: Statistics in Transition. New Series
- Issue Year: 15/2014
- Issue No: 4
- Page Range: 545-558
- Page Count: 14
- Language: English
