Modernization of the Economic Price Adjustment Software
The US Consumer Price Indices (CPIs) measures
hundreds of items in the US economy. Many social programs
and government benefits index to the CPIs. The purpose of
this project is to modernize an existing process. This paper will
show the development of a small, visual, software product that
documents the Economic Price Adjustment (EPA) for longterm
contracts. The existing workbook does not provide the
flexibility to calculate EPAs where the base-month and the
option-month are different. Nor does the workbook provide
automated error checking. The small, visual, software product
provides the additional flexibility and error checking. This
paper presents the feedback to project.
[1] N. Aliane, ”Spreadsheet-based control system analysis and design (Focus
on Education),” Control Systems, IEEE, Vol 28, Issue 5, September 19,
2008, page 108.
[2] M. J. Boskin, E. R. Dulberger, R. J. Gordon, Z. Grilliches, and D. W.
Jorgenson, ”Toward a More Accurate Measure of the Cost of Living,”
Final Report to the Senate Finance Commitee, December 4, 1996.
[3] R. Bradley, ”Analytical Bias Reduction for Small Samples in the U.S.
Consumer Price Index,” Journal of Business & Economic Statistics, Vol.
25, No. 3 (Jul., 2007), pp. 337-346.
[4] G. Deltas and E. Zacharias, ”Sampling Frequency and the Comparison
between Matched-Model and Hedonic Regression Price Indexes,”
Journal of Business & Economic Statistics, Vol. 22, No. 1 (Jan., 2004),
pp. 94-106.
[5] F. G. Forsyth and R. F. Fowler, ”The Theory and Practice of Chain
Price Index Numbers,” Journal of the Royal Statistical Society, Series A
(General), Vol. 144, No. 2 (1981), pp. 224-246.
[6] D. W. Jorgenson and D. T. Slesnick, ”Indexing Government Programs
for Changes in the Cost of Living,” Journal of Business & Economic
Statistics, Vol. 17, No. 2 (Apr., 1999), pp. 170-181.
[7] H. M. P. Kersten, ”Nonresponse Assessment of a Consumer Price Index,”
Journal of Business & Economic Statistics, Vol. 3, No. 4 (Oct., 1985),
pp. 336-343.
[8] B. R. Moulton and K. J. Stewart, ”An Overview of Experimental U.S.
Consumer Price Indexes,” Journal of Business & Economic Statistics,
Vol. 17, No. 2 (Apr., 1999), pp. 141-151.
[9] S. Rudolph, A. Savikhin, D. S. Ebert,”FinVis: Applied visual analytics for
personal financial planning,” Visual Analytics Science and Technology,
October 12-13, 2009, pages 195- 202.
[10] U.S. Government Printing Office, http: // www. gpo. gov/ vendors/
index.htm.
[1] N. Aliane, ”Spreadsheet-based control system analysis and design (Focus
on Education),” Control Systems, IEEE, Vol 28, Issue 5, September 19,
2008, page 108.
[2] M. J. Boskin, E. R. Dulberger, R. J. Gordon, Z. Grilliches, and D. W.
Jorgenson, ”Toward a More Accurate Measure of the Cost of Living,”
Final Report to the Senate Finance Commitee, December 4, 1996.
[3] R. Bradley, ”Analytical Bias Reduction for Small Samples in the U.S.
Consumer Price Index,” Journal of Business & Economic Statistics, Vol.
25, No. 3 (Jul., 2007), pp. 337-346.
[4] G. Deltas and E. Zacharias, ”Sampling Frequency and the Comparison
between Matched-Model and Hedonic Regression Price Indexes,”
Journal of Business & Economic Statistics, Vol. 22, No. 1 (Jan., 2004),
pp. 94-106.
[5] F. G. Forsyth and R. F. Fowler, ”The Theory and Practice of Chain
Price Index Numbers,” Journal of the Royal Statistical Society, Series A
(General), Vol. 144, No. 2 (1981), pp. 224-246.
[6] D. W. Jorgenson and D. T. Slesnick, ”Indexing Government Programs
for Changes in the Cost of Living,” Journal of Business & Economic
Statistics, Vol. 17, No. 2 (Apr., 1999), pp. 170-181.
[7] H. M. P. Kersten, ”Nonresponse Assessment of a Consumer Price Index,”
Journal of Business & Economic Statistics, Vol. 3, No. 4 (Oct., 1985),
pp. 336-343.
[8] B. R. Moulton and K. J. Stewart, ”An Overview of Experimental U.S.
Consumer Price Indexes,” Journal of Business & Economic Statistics,
Vol. 17, No. 2 (Apr., 1999), pp. 141-151.
[9] S. Rudolph, A. Savikhin, D. S. Ebert,”FinVis: Applied visual analytics for
personal financial planning,” Visual Analytics Science and Technology,
October 12-13, 2009, pages 195- 202.
[10] U.S. Government Printing Office, http: // www. gpo. gov/ vendors/
index.htm.
@article{"International Journal of Business, Human and Social Sciences:70074", author = "Roger L Goodwin", title = "Modernization of the Economic Price Adjustment Software", abstract = "The US Consumer Price Indices (CPIs) measures
hundreds of items in the US economy. Many social programs
and government benefits index to the CPIs. The purpose of
this project is to modernize an existing process. This paper will
show the development of a small, visual, software product that
documents the Economic Price Adjustment (EPA) for longterm
contracts. The existing workbook does not provide the
flexibility to calculate EPAs where the base-month and the
option-month are different. Nor does the workbook provide
automated error checking. The small, visual, software product
provides the additional flexibility and error checking. This
paper presents the feedback to project.", keywords = "Consumer Price Index, Economic Price Adjustment, contracts,
visualization tools, database, reports, forms, event procedures.", volume = "9", number = "5", pages = "1704-7", }