D 2020

Price Analysis of Selected Food Products in Relation to Development of Retirement Pension Range in the Czech Republic

MÁČE, Jan, SKUPINOVÁ and SMOTLACHOVÁ

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

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.
Displayed: 22/11/2024 03:33