Weighted Averages in the Ordered Weighted Average Inflation

Abstract

This paper presents the ordered weighted average weighted average inflation (OWAWAI). The OWAWAI operator is a new formulation for calculating inflation that provides different criteria for the association between the arguments and weights. OWAWAI presents the possibility to generate new approaches that under- or overestimate the results according to the knowledge and expertise of the decision maker. The works present an approach in Chile inflation.