Volume estimates Clause Samples
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Volume estimates. 3.3.1. General volume policy The index type for the measurement of volumes is the Laspeyres index (the prices of the earlier period are applied to both periods). Quarterly chain-linked volume indices are derived by linking together quarter-to-quarter Laspeyres indices. It is the recommendation of ESA 2010 and Estonia agrees to use the Laspeyres formula when deriving chain-linked volume indices because of its several advantages. The benefits include consistency with supply and use tables Production-based accounts are calculated by the double deflation method: output and intermediate consumption are deflated separately, and value added at previous year’s prices is derived as the difference between output and intermediate consumption at previous year’s prices. Household final consumption expenditure (HFCE) is calculated at the fourth level of COICOP groups at purchaser’s prices including VAT. The same commodity detail is used for deflations by CPI. CPIs and PPIs are used to deflate the consumption of household production produced for own use. For the expenditures of resident households in the rest of the world, the weighted CPI for the main destination countries is used. For non-residents’ expenditures in the economic territory, the Estonian CPIs are used. For the estimation of the final consumption expenditure of the general government and the output of NPISH, output for own final use, sales and social transfers in kind are deflated separately. GFCF price indices differ neither by institutional sector nor by economic activity. Current price estimations for domestically produced machinery and equipment are deflated using the PPI of machinery and equipment; the deflator for import is used for equipment received from abroad. Construction estimates are deflated using the total construction cost price index. Changes in inventories are deflated by products at a detailed level for different types of inventories. Materials and supplies are deflated using the relevant PPIs, except for fuel for which the CPI is used. Work-in-progress and finished goods are deflated using the relevant PPIs. Goods for resale are deflated using the relevant CPIs. The exports and imports of goods are deflated by CPA groups using the relevant export or import indices. If there is no relevant export or import price index, the relevant PPI is used. The exports of services are deflated by CPA groups using the relevant CPIs. The imports of services are deflated by using the weighted average of...
Volume estimates. QNA volume data are published as a chain-linked series at the reference year 2015 prices. The growths compared with the previous period and the corresponding period of the previous year are published as QNA volume data. These are constructed with the annual overlap method, in which volume estimates at the average prices of the previous year are used. The index type used for the measurement of volumes is the Laspeyres index. Quarterly GDP at current prices and at previous year’s prices is estimated by the production and expenditure base. Quarterly value added at previous year’s prices is compiled using the double deflation method. The preferred approach is the deflation product-by-product. In order for the quarterly data to be consistent with the annual national accounts, the annual overlap method was chosen. The variables of chain-linked volumes are non-additive (a chain- linked volume of GDP is not equal to the sum of its components). For logical reasons, the differences arising in the chain links are not eliminated by calculation. To ensure consistency between the QNA and ▇▇▇ ▇▇▇▇▇ and volume measures, the ANA measures are derived from the quarterly measures. Consistency with SUT is achieved by using the ▇▇▇▇▇▇ benchmarking techniques for QNA data.
Volume estimates. Purchaser makes no guarantee regarding the specific quantity of Products that it will order from Seller. Seller accepts that Purchaser’s projected volumes may not be accurate, and that actual volume or duration could be less than or greater than the projections.
Volume estimates. The volumes of timber indicated in this Contract or other appraisal or cruise documents of the Seller are estimates. The Seller gives no warranty or guarantee respecting the quantity, quality or volume of marked or otherwise designated timber or forest products on the sale area.
Volume estimates. The volumes of timber conveyed and set out in this section are estimates only. The County by making such estimates neither warrants nor limits the volume of timber conveyed under the terms of this contract.
Volume estimates. 3.3.1 Constant prices of previous year
1. Elements of GDP (on the lowest level of aggregation) are compiled at annual average prices of the same year for all quarters of analyzed base year. An example: To compile individual quarters of base year 2006 at annual average prices of 2006, special price indices (year 2006 = 100) are used. For I quarter 2006 → For II quarter 2006 → For III quarter 2006 → For IV quarter 2006 → Such kind of indices ensure coherence and additives of quarterly data with annual data for 2006, i.e. sum of quarterly data at annual average prices of 2006 is equal to sum of quarterly data at current prices.
2. Elements of GDP (on the lowest level of aggregation) are compiled at constant prices of previous (base) year for analyzed quarter. It means that for example for I quarter of 2007 base year is 2006 and compilation at constant prices of 2006 are carried with the use of special indices (Laspeyres Volume Indices): For I quarter 2007 → I Data at current prices for I quarter of 2007 are divided by this index.
3. Volume index compilation of GDP and its elements by dividing real volumes for I quarter of 2007 (see point 2) by volumes at annual average prices of 2006 for I quarter of 2006 (see point 1);
4. Price index is received as a quotient of value index and volume index. For example, for I quarter of 2007 Value index = I quarter 2007 at current I quarter 2006 at annual 2006 Volume index = at cons tan t prices of 2006 Each element of GDP is calculated at constant prices of previous year according to this algorithm, but different price indices are used for individual elements. For production side of GDP each section is compiled at constant prices of previous year with use double deflation, i.e. gross output and intermediate consumption are compiled separately. Gross value added at constant prices of previous year is the difference between gross output and intermediate consumption expressed at constant prices of previous year. Individual components of gross output, except trade margin (revenues from the sale, value of changes in inventories of work-in-progress, finished products, etc.) for section C, D, E, F, I are compiled at constant prices of previous year using: - price index of sold production of Mining and quarrying for section C; - price index of sold production of Manufacturing for section D; - price index of sold production of Electricity, gas and water supply for section E; - price index of construction and assembly production for...
Volume estimates. The volume estimates of QNA includes: ➢ data non-seasonally adjusted expressed at average constant prices of previous year, ➢ data non-seasonally adjusted expressed at constant prices with reference year 2000, In order to derive volume estimates at constant prices of previous year quarterly data of analyzed year at current prices are deflated by Laspeyres Volume Index (previous year =100). The procedure is basically the same for all components of the production side but different indexes for each section are applied. Gross value added is derived as the difference between output and intermediate consumption. In order to derive chain-linked volume measures with the reference year 2000, the annual overlap method is used.