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The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability

The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability

Hardcover

Business GeneralEconomicsProbability & Statistics

ISBN10: 102581973X
ISBN13: 9781025819730
Publisher: Tradd Street Press
Published: Feb 14 2026
Pages: 584
Weight: 2.18
Height: 1.25 Width: 6.14 Depth: 9.21
Language: English
The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability is a seminal contribution to the field of economic statistics by the renowned economist Irving Fisher. This comprehensive treatise investigates the mathematical foundations and practical applications of index numbers, which are essential tools for measuring changes in price levels, purchasing power, and economic activity. Fisher provides an exhaustive analysis of hundreds of different formulas, subjecting them to rigorous statistical tests to determine which methods offer the greatest accuracy and reliability.

The work is celebrated for introducing the time-reversal and factor-reversal tests, establishing a scientific framework for evaluating the performance of statistical indicators. By classifying index numbers into various types and demonstrating their strengths and weaknesses, Fisher provides a systematic approach to the construction of economic data that has profoundly influenced modern econometrics and monetary policy.

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Fisher, Irving

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Business General