bialek {PriceIndices}

Calculating the bilateral Bialek price index

Description

This function returns a value (or vector of values) of the bilateral Bialek price index.

Usage

bialek(data, start, end, interval = FALSE)

Arguments

data

The user's data frame with information about sold products. It must contain columns: time (as Date in format: year-month-day,e.g. '2020-12-01'), prices (as positive numeric), quantities (as positive numeric) and prodID (as numeric, factor or character).

start

The base period (as character) limited to the year and month, e.g. "2020-03".

end

The research period (as character) limited to the year and month, e.g. "2020-04".

interval

A logical value indicating whether the function is to compare the research period defined by end to the base period defined by start (then interval is set to FALSE) or all fixed base indices are to be calculated. In this latter case, all months from the time interval <start,end> are considered and start defines the base period (interval is set to TRUE).

Value

The function returns a value (or vector of values) of the bilateral Bialek price index depending on the interval parameter. If the interval parameter is set to TRUE, the function returns a vector of price index values without dates. To get information about both price index values and corresponding dates, please see functions: price_indices or final_index. The function does not take into account aggregating over outlets or product subgroups (to consider these types of aggregating, please use the final_index function).

References

Von der Lippe, P. (2012). Some short notes on the price index of Jacek Bialek. Econometrics (Ekonometria). 1(35), 76-83.

Bialek, J. (2013). Some Remarks on the Original Price Index Inspired by the Notes of Peter von der Lippe. Econometrics (Ekonometria), 3(41), 40-54.

Bialek, J. (2014). Simulation Study of an Original Price Index Formula. Communications in Statistics - Simulation and Computation, 43(2), 285-297

Examples

bialek(sugar, start="2018-12", end="2019-12")
bialek(milk, start="2018-12", end="2020-01", interval=TRUE)