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COMPUTATION OF LOWEST LEVEL INDICES

Statistics Directorate    
Definition:
Method used to combine the basic price observations to obtain the first level index (ratio of average prices, average of price relatives or geometric mean; long-term relative from base period vs. short-term relative; weighted or unweighted arithmetic or geometric average).

Context:
Under the SDDS, in the context of labour market this would entail, e.g., weighted or unweighted ratio of average labour service prices, weighted or unweighted arithmetic or geometric average of labour service price relatives, long-term relative from base period versus short-term relative.

Source Publication:
Statistical Data and Metadata Exchange (SDMX) - BIS, ECB, Eurostat, IBRD, IMF, OECD and UNSD - Metadata Common Vocabulary.

Cross References:
Compilation practices
Index number
Special Data Dissemination Standard (SDDS)

Statistical Theme: Methodological information (metadata)

Glossary Output Segments:
SDMX

Created on Friday, January 09, 2004

Last updated on Friday, April 12, 2013