Deflator

A Deflator is a statistical factor used to convert current purchasing power into inflation-adjusted purchasing power that is a factor for the comparison of prices when applied to a related time series of values allows a valid comparison of the true underlying change free from the influence of price movements.

Reference Definition by Wikipedia: A Deflator in statistics, is a value that allows data to be measured over time in terms of some base period, usually through a price index, in order to distinguish between a change in the money value of a gross national product (GNP) that come from a change in prices, and changes from a change in physical output. It is the measure of the price level for some quantity. A deflator serves as a price index in which the effects of inflation are nulled. It is the difference between real and nominal GDP.

Posted in Business and tagged , , , .

ThePD (The Project Definition)

ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.