Tornqvist Price Index Base Year chain Function
tornc(dat, Year = "Year", pvar = "p", vvar = "v", prodID = "prod", baseyr)| dat | The dataset you would like to use. |
|---|---|
| Year | Name of the column holding year data. |
| pvar | Name of the column holding price data. |
| vvar | Name of the column holding value data. |
| prodID | Name of the column holding prodID data. |
| baseyr | The year dollar values need to be in. |
tornc(dat = data.frame("Year" = c(2001:2020, 2001:2020, 2001:2020, 2001:2020),
"p" = rnorm(n = 80, mean = 1, sd = .1),
"v" = rnorm(n = 80, mean = 500, sd = 300),
"prod" = c(rep_len("A", 20), rep_len("B", 20),
rep_len("C", 20), rep_len("D", 20))),
Year = "Year",
pvar = "p",
vvar = "v",
prodID = "prod",
baseyr = 2015)
#> Year CPI BPI
#> 1 2001 1.0000000 0.9367590
#> 2 2002 0.9715229 0.9100828
#> 3 2003 1.1646657 1.0910111
#> 4 2004 1.0907801 1.0217980
#> 5 2005 1.2532465 1.1739899
#> 6 2006 1.1631582 1.0895989
#> 7 2007 1.1405850 1.0684532
#> 8 2008 1.1947447 1.1191878
#> 9 2009 1.1451851 1.0727624
#> 10 2010 1.2519664 1.1727907
#> 11 2011 1.1120409 1.0417143
#> 12 2012 1.2805206 1.1995392
#> 13 2013 1.2271966 1.1495874
#> 14 2014 1.2995818 1.2173949
#> 15 2015 1.0675104 1.0000000
#> 16 2016 1.3963820 1.3080734
#> 17 2017 1.2517223 1.1725621
#> 18 2018 1.2995610 1.2173755
#> 19 2019 1.3000293 1.2178142
#> 20 2020 1.3997144 1.3111951