Abstract
The purpose of this article is to discuss the compositional characteristics, potential uses, and sources of measurement error of an economic data base system(EDBS) sponsored by the Financial Accounting Standards Board (FASB). This EDBS contains current cost data detailing the effects of changing prices on approximately 1,500 companies for the years 1979–1984. These current cost data appear to be useful for empirical studies about the effects of changing prices on users or firms in accounting research, industrial organization and macroeconomic modeling in economics research, and the predictive ability of analysts in finance research.
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