Method for Developing Descriptions of Hard-to-Price Products: Results of the Telecommunications Product Study

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Description

This report presents the results of a study to test a new method for developing descriptions of hard-to-price products. The Bureau of Labor Statistics (BLS) is responsible for collecting data to estimate price indices such as the Consumers Price Index (BLS) is responsible for collecting data to estimate price indices such as the Consumers Price Index (CPI). BLS accomplishes this task by sending field staff to places of business to price actual products. The field staff are given product checklists to help them determine whether products found today are comparable to products priced the previous month. Prices for non-comparable products ... continued below

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Medium: P; Size: 60 pages

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Conrad, F. & Tonn, B. May 1, 1999.

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Description

This report presents the results of a study to test a new method for developing descriptions of hard-to-price products. The Bureau of Labor Statistics (BLS) is responsible for collecting data to estimate price indices such as the Consumers Price Index (BLS) is responsible for collecting data to estimate price indices such as the Consumers Price Index (CPI). BLS accomplishes this task by sending field staff to places of business to price actual products. The field staff are given product checklists to help them determine whether products found today are comparable to products priced the previous month. Prices for non-comparable products are not included in the current month's price index calculations. A serious problem facing BLS is developing product checklists for dynamic product areas, new industries, and the service sector. It is difficult to keep checklists up-to-date and quite often simply to develop checklists for service industry products. Some people estimates that upwards of 50 % of US economic activity is not accounted for in the CPI

Physical Description

Medium: P; Size: 60 pages

Notes

OSTI as DE00007912

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  • Other Information: PBD: 1 May 1999

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  • Report No.: ORNL/M-6701
  • Grant Number: AC05-96OR22464
  • DOI: 10.2172/7912 | External Link
  • Office of Scientific & Technical Information Report Number: 7912
  • Archival Resource Key: ark:/67531/metadc734750

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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Creation Date

  • May 1, 1999

Added to The UNT Digital Library

  • Oct. 19, 2015, 7:39 p.m.

Description Last Updated

  • Jan. 25, 2016, 12:59 p.m.

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Conrad, F. & Tonn, B. Method for Developing Descriptions of Hard-to-Price Products: Results of the Telecommunications Product Study, report, May 1, 1999; Tennessee. (digital.library.unt.edu/ark:/67531/metadc734750/: accessed October 22, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.