Supply Chain and Logistics

This article tells about chain weighting. It is from the BEA website.

BEA’s Chain Indexes, Time Series, and Measures of Long-Term Economic Growth

Young’s article uses basic macro to explain chain weighting.

Alternative Measures of Change in Real Output and Prices

Our goal this week is to finish chapter 7.  You can be working on your problem sets now.  Of course you should be deeply into your team project to determine the cost of the base month bundle of goods and services, for your team CPI study.  Ask questions if you have them– also, send me those groups by email.