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1-17-2012 @ 7:18PM
"Because of patches and expansions, there is a kind of built-in expiration date on most or all of these goods or services. For example, Whiptail will become comparatively useless when MoP goes live, and its price will decrease as we get close to that. When tracking inflation in RL, you don't have to worry about bread becoming obsolete in 6 months, and the inherent associated deflationary pressure that comes with that knowledge. As such, most of these goods suffer from some price decay. Thus a model that treats these goods more like a stock option rather than a commodity would be best."Yeah, this project is a major challenge for the reasons you laid out. But I think you missed a point about how I'm going to proceed.I'm not actually tracking Whiptail and Cinderbloom. What I'm actually tracking is the "two most heavily traded herbs." Unfortunately, those quotation marks were removed in copy editing. But they're important -- they signify that the specific item I'm tracking will change from expansion to expansion, and in some cases, patch to patch.It's somewhat similar to how the CPI addresses things like car prices. Obviously, the change in the price of a 1966 Ford Fairlane says little about what's happening with regard to inflation. So instead of following that specific car, the CPI would instead follow the average mid-sized vehicle of the current model year -- say, a 2012 Ford Taurus.They're very different cars, but they're as similar as you're going to get for the purposes of measuring a CPI.
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