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Intro to the four biases that make CPI inaccurate
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Intro to the four biases that make CPI inaccurate
6:26
About this lesson
4 Bias of CPI
- New Goods Bias
- Quality Change Bias
- Commodity Substitution Bias
- Outlet Substitution Bias
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Video 1 of 3
Intro to the four biases that make CPI inaccurate
6 min
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Consequences and magnitude of CPI biases
3 min
Alternatives to CPI: Chained CPI, PCE deflator, and GDP deflator
10 min