Interesting point
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Interesting point
However, still remaining in the CPI is a significant part of quality change and new goods bias
and outlet substitution bias. Especially, the effect of having new products available in the
marketplace on the COL has yet to be accounted for. While including new products more rapidly
in the weights may alleviate potential bias, it does not fully account for the effect on the COL of
having new products available. Having a different choice set itself has an effect on the COL as
consumers' substitution opportunity changes.
and outlet substitution bias. Especially, the effect of having new products available in the
marketplace on the COL has yet to be accounted for. While including new products more rapidly
in the weights may alleviate potential bias, it does not fully account for the effect on the COL of
having new products available. Having a different choice set itself has an effect on the COL as
consumers' substitution opportunity changes.
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Originally posted by suby_dude
dood!
have you been drinking davis tap water again?!
water bottle doood!
dood!
have you been drinking davis tap water again?!
water bottle doood!
it just has *flavor* added
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Re: Interesting point
Originally posted by dr3d1zzl3
...the effect of having new products available in the
marketplace on the COL has yet to be accounted for...
...the effect of having new products available in the
marketplace on the COL has yet to be accounted for...
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Re: Interesting point
Originally posted by dr3d1zzl3
However, still remaining in the CPI is a significant part of quality change and new goods bias
and outlet substitution bias. Especially, the effect of having new products available in the
marketplace on the COL has yet to be accounted for. While including new products more rapidly
in the weights may alleviate potential bias, it does not fully account for the effect on the COL of
having new products available. Having a different choice set itself has an effect on the COL as
consumers' substitution opportunity changes.
However, still remaining in the CPI is a significant part of quality change and new goods bias
and outlet substitution bias. Especially, the effect of having new products available in the
marketplace on the COL has yet to be accounted for. While including new products more rapidly
in the weights may alleviate potential bias, it does not fully account for the effect on the COL of
having new products available. Having a different choice set itself has an effect on the COL as
consumers' substitution opportunity changes.
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