The R Journal: accepted article

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IndexNumber: An R Package for measuring the evolution of magnitudes PDF download
Alejandro Saavedra-Nieves and Paula Saavedra-Nieves

Abstract Index numbers are descriptive statistical measures useful in economic settings for comparing simple and complex magnitudes registered, usually, in two time periods. Although this theory has a large history, it still plays an important role in modern today’s societies where big amounts of economic data are available and need to be analysed. After a detailed revision on classical index numbers in literature, this paper is focused on the description of the R package IndexNumber with strong capabilities for calculating them. Two of the four real data sets contained in this library are used for illustrating the determination of the index numbers in this work. Graphical tools are also implemented in order to show the time evolution of considered magnitudes simplifying the interpretation of the results.

Received: 2020-06-03; online 2021-06-07
CRAN packages: IndexNumber


CC BY 4.0
This article is licensed under a Creative Commons Attribution 4.0 International license.

@article{RJ-2021-038,
  author = {Alejandro Saavedra-Nieves and Paula Saavedra-Nieves},
  title = {{IndexNumber: An R Package for measuring the evolution of
          magnitudes}},
  year = {2021},
  journal = {{The R Journal}},
  doi = {10.32614/RJ-2021-038},
  url = {https://journal.r-project.org/archive/2021/RJ-2021-038/index.html}
}