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Methods explained:House price indices in the UK
Methods explained House price indices UK
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2009/11/4
There are a number of house price indices that measure the rate of inflation in the UK housing market. This article provides an overview of the three main UK house price indices published by the Depar...
Many of the statistics produced by the Office for National Statistics,particularly economic statistics, are published in the form of indices. However, there are a number of different forms of indices ...
Methods explained:Contributions to growth rates under annual chain-linking
Methods explained Contributions growth rates annual chain-linking
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2009/11/4
When growth rates of series such as GDP are published by the Office for National Statistics, the contributions of individual components are also often reported. These contributions are a reflection of...
Methods explained:Data reduction and model selection techniques
Methods explained Data reduction model selection techniques
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2009/11/4
Researchers and analysts now have access to increasingly large data sets. This article outlines some of the problems of dealing with a large number of variables and explains some of the techniques tha...
The Office for National Statistics (ONS) often makes use of forecasts in the production of its statistical outputs. The purpose of this article is to outline the contexts where forecasts are required,...
The household saving ratio is published quarterly as part of the UK National Accounts. This article outlines why users may be interested in this macroeconomic statistic and describes how this measure ...
This article will introduce readers to the concept of the gross domestic product (GDP) implied price deflator. The GDP implied deflator is used to measure changes in the overall level of prices for th...
Methods explained:Perpetual Inventory Method(PIM)
Methods explained Perpetual Inventory Method
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2009/11/3
This article outlines where the perpetual inventory method (PIM) is used within the Office for National Statistics and discusses in detail the key parameters of a PIM; the asset service life, the reti...
The concept of cost-benefit analysis (CBA) originated in the United States in the 1930s where it was used to create a solution to problems of water provision. The process arrived in the UK in the 1960...
Methods Explained
Methods Explained Core inflation
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2009/11/3
Core inflation attempts to capture the underlying inflationary pressures in the economy by excluding or down-weighting the more erratic and transitory components of consumer prices indices. Recent vol...
Methods explained-Business Structure Database
Methods explained Business Structure Database
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2009/11/3
The Interdepartmental Business Register (IDBR) is a comprehensive database of UK businesses, drawn from administative data sources. This article intially provides a short explanation of the IDBR. The ...
Methods explained is a quarterly series of short articles explaining statistical issues and methodologies relevant to ONS and other data. As well as defining the topic areas, the notes explain why and...