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I wonder how they'll get around the tech divide. For example: people don't sell gasoline online, but there are numerous websites that track that information. Al
by treeface 16y ago
I wonder how they'll get around the tech divide. For example: people don't sell gasoline online, but there are numerous websites that track that information. Also, any price index requires some decision over which goods are included in the basket. How would they determine this? How will they be able to determine the ratio of goods purchases online compared to those purchased offline? How will they overcome the "lowest price" problem that tends to come up (fortunately, for the consumer) when searches are done for products online. A simple average? A weighted average based on market share? How would that market share be determined?
Lots of unanswered technical details here. Still, it is another data point.