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Activity Number: 437
Type: Contributed
Date/Time: Tuesday, August 2, 2016 : 2:00 PM to 3:50 PM
Sponsor: Business and Economic Statistics Section
Abstract #321514 View Presentation
Title: An Alternative Approach to USDA NASS Subcomponent Price Indexes
Author(s): Kuan Chen* and Mark Gorsak
Companies: USDA/NASS and USDA/NASS
Keywords: USDA NASS Prices Received Indexes ; Price Relative Estimators ; Elementary Index

This paper assesses methodologies to construct elementary price relative estimators used in constructing the United States Department of Agriculture's National Agricultural Statistics Service (USDA NASS) Prices Received Subcomponent Indexes. This paper evaluates alternative index formulas in conjunction with agricultural commodity characteristics which may provide an improved conceptual and empirical methodology for the USDA NASS Prices Received index program than the currently used modified weighted Dutot estimator. The implications of changing to a different price relative estimator are discussed. The price relative estimator comparisons are presented using the axiomatic approach and an empirical analysis. The evaluation of the alternative methodologies is presented using empirical research.

Authors who are presenting talks have a * after their name.

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