The Measurement of Inflation: A Stochastic Approach
扩展了随机方法在指数理论中的应用，允许相对价格持续变化，建立与Divisia指数的联系，并推导通胀估计的标准误，用澳大利亚数据验证。
The stochastic approach to index number theory views each commodity price change as an independent observation on the underlying rate of inflation so that inflation can be estimated by averaging over all the prices. This article extends the approach by (a) allowing for sustained changes in relative prices, (b) showing the link with Divisia index numbers, and (c) deriving standard errors for the inflation estimates. The results are illustrated with Australian data.