High Frequency Price Index of Construction Materials
|Author:||Bc. Josef Štefl|
|Year:||2022 - summer|
|Leaders:|| Mgr. Petr Polák MSc. Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||The paper explores the possibilities of using big data in economics in an effort to shift
research from a study of statistical samples towards basic populations. To this end, the
Construction Materials Price Index was created to capture price level movements in this
market segment on weekly basis. This specific field was chosen because, despite its significance, it has not yet been examined in much detail by the Czech Statistical Office. The
underlying index data represent the complete offer of the three most significant Czech
eshops with building materials, which is periodically obtained through web scraping.
The research took place between October 2021 and June 2022. The nine-month evolution of the index reflects the economic recovery after the covid-19 pandemic, but also the
sharp market response after the Russian invasion of Ukraine. This bachelor thesis contains
a detailed description of the methods used as well as a thorough analysis of the results.