Went to Westminster School as a King's Scholar, when I was principally living on garbage, and sleeping in
market baskets. Why, if I wanted to keep a dozen horses - which I don't, for one's enough for me - I couldn't bear to see 'em in their stalls here, and think what my own lodging used to be.
Narrow and Broad
Market Baskets. In the
market basket approach, we applied the above price index formula to a collection of services.
NEW YORK -- A comparison of costs of
market baskets containing more than two dozen items suggests "special needs store brands" save money for consumers shopping for organic products and other merchandise to maintain or improve their health, according to the Private Label Manufacturers Association (PLMA).
This comparison found an average
market basket total of $507.81 for the national brand products, versus an average total of $379.65 for the
market baskets filled with store brand products.
Employees at several
Market Baskets picketed outside the stores this week in support of ousted chief executive Arthur T.
2010
Market Baskets CIP PCE February Food
Market Baskets 15.3 14.0 1.2 Housing 41.0 23.4 17.6 Rent 6.5 6.7 -0.2 OER 24.0 12.1 11.8 Apparel 3.6 3.5 0.1 Transportation 16.9 9.7 7.2 Medical care 7.1 20.6 -13.5 Education and communication 6.8 4.9 1.9 Recreation 6.0 9.1 -3.1 Other goods and services 3.4 14.8 -11.4 100 100 Sources: Bureau of Economic Analysis, Bureau of Labor Statistics
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In Table 1, we show the terms for [micro](b,k,t) corresponding to the four possible
market baskets. Notice that the structure the [micro](b,k,t) is identical to the terms of a log linear model containing main effects and two way interactions.
(5.) The USDA guideline includes four
market baskets (thrifty, low-cost, moderate, and liberal food plan), corresponding to two- and four-person families.
To correct fully for upper-level substitution bias it would be necessary to know how
market baskets change on a regular basis in order to capture the substitution among different items.