Using Web-scrapping techniques to build a consumer price index

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15210%2F19%3A73598078" target="_blank" >RIV/61989592:15210/19:73598078 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Using Web-scrapping techniques to build a consumer price index
Original language description
The undergoing effort to modernize the data collection and processing methods, in order to obtain more timely and accurate statistical indicators involves using new data sources and innovative techniques. Internet is widely used as a main source for building new data sets that are fed into new procedures designed to compute or enhance the traditional set of statistical indicators describing the current status of an economy. The consumer price statistics is one of the areas that can benefit most from this new type of data source. In this paper we describe our experience regarding automated consumer prices collection from e-commerce sites using a set of software tools and compiling a consumer price index. The purpose of our research was to investigate whether the Web-scraping method is feasible to produce a regular consumer price index in the future. We investigated the methodological challenges and developed a set of tools that automates the process of data collection, transformation from semi-structured to structured data, and computation of a consumer price index.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Knowledge on Economics and Management: Profit or Purpose
ISBN
978-80-244-5543-3
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
213-219
Publisher name
Univerzita Palackého v Olomouci
Place of publication
Olomouc
Event location
Olomouc
Event date
Sep 5, 2019
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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