market basket

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market basket

n.
1. A grocery cart.
2. A group of products or services in a specific market, especially when considered in terms of its fluctuating cost in determining a consumer price index: "The CPI measures the average price change over time of a fixed market basket containing more than 200 goods and services" (Teresa Tritch).
Translations
References in classic literature ?
Went to Westminster School as a King's Scholar, when I was principally living on garbage, and sleeping in market baskets.
Likewise, we found only moderately strong correlations between price indices for sentinel services and indices based on larger market baskets 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).
65 for the market baskets filled with store brand products.
Data are collected from large-scale longitudinal panels, making it possible to study the same consumers over time, analyzing competitive market baskets, and identifying purchase patterns.
Employees at several Market Baskets picketed outside the stores this week in support of ousted chief executive Arthur T.
Even before the different formulas are applied, the differences in item weights and scope are evident in the two measures' market baskets.
Formally, the choice process for the entire basket can be expressed in terms of a four dimensional multivariate distribution p(A,B,C,D) that defines the relative likelihood of each of the 16 possible market baskets.
In addition, consumers also make substitutions among different varieties of the same item in their market baskets, such as when consumers switch between different brands of breakfast cereal.
1] Consumer heterogeneity, reflected as differing compositions of purchased market baskets, may be a reason for the lack of consumer response.
The market baskets are estimated on a historical basis and forecasted out several years.