Paasche index

A kind of index number. The official method for US price deflators computes them as a Paasche index. The algorithm is just like the Laspeyres index but the base quantities are chosen from the second, later period. See also http://www.geocities.com/jeab_cu/paper2/paper2.htm. From Aizcorbe (2004), p.9: If one assumes there is a representative consume...
Found on http://www.econterms.com/glossary.cgi?query=Paasche+index

Paasche index

index developed by German economist Hermann Paasche for measuring current price or quantity levels relative to those of a selected base period. It ...
Found on http://www.britannica.com/eb/a-z/p/1
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