MÁČE, Jan, SKUPINOVÁ and SMOTLACHOVÁ. Price Analysis of Selected Food Products in Relation to Development of Retirement Pension Range in the Czech Republic. Online. první. Olomouc: Palackého univerzita Olomouc, 2020, p. 195-200. ISBN 978-80-244-5798-7.
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Basic 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
Original language English
Type of outcome Proceedings paper
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
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
Changed by Changed by: PhDr. Jan Máče, Ph.D., učo 4143. Changed: 1/2/2021 10:57.
Abstract
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.
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