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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (16603)	3/8/2002 10:16:52 AM
From: LLCF	Respond to of 74559

I must have mispoke... changing the 'basket' is fine adjusting the prices based on last years basket vs this years makes little sense IMO... if you keep what you would call a 'basket of necessities'- as 'necessity' changes, then there is no need to adjust the prices within that basket, just follow the rising price of the basket. <Not sure why you keep arguing about statistics if you think they are irrelevant. > If you're going to use them, it's best to have them consistant... hedonic pricing is not as good as simple unadjusted numbers IMO. DAK