Detailed Information on Publication Record
2020
Price Analysis of Selected Food Products in Relation to Development of Retirement Pension Range in the Czech Republic
MÁČE, Jan, SKUPINOVÁ and SMOTLACHOVÁBasic information
Original name
Price Analysis of Selected Food Products in Relation to Development of Retirement Pension Range in the Czech Republic
Authors
MÁČE, Jan, SKUPINOVÁ and SMOTLACHOVÁ
Edition
první. Olomouc, p. 195-200, 6 pp. 2020
Publisher
Palackého univerzita Olomouc
Other information
Language
English
Type of outcome
Stať ve sborníku
Country of publisher
Czech Republic
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
electronic version available online
Organization unit
University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
ISBN
978-80-244-5798-7
Keywords in English
Prices, food, demographic category, time series, regression and correlation analyses
Změněno: 1/2/2021 10:57, PhDr. Jan Máče, Ph.D.
Abstract
V originále
The article deals with the questions of increase in prices of selected food products in the view of the senior demographic category of consumers receiving retirement pensions. There has been carried out a price analysis of selected food products for the time series 2010 ‒ 2019, in which there were detected individual development trends. There has been carried out an analysis of incomes of the retired in the Czech Republic within the same time series. There were studied connections between the analysed variables for the last ten years. For each variable there was found an appropriate trend function, favourably copying the price development in time. Furthermore, there were made regression and correlation analyses for the dependent variable "retirement pension amount" which discovered a high correlation coefficient, uniquely proving a strong linear dependence and linear increasing trend (r = 0.946). The article is highlighting the real decrease in purchasing power of the target group of product consumers.