It includes a discourse on index construction methodologies using an easy to follow index classification method.

FORBES: No Free Lunch from Alternative Indexes

The intellectual precursor of Dr Kleinberg's method is the citation index, long used in the academic world.

ECONOMIST: Hits and misses

That is what the Jevons method - used in the Consumer Prices Index (CPI) and around the world - would show.

BBC: The ONS puts consistency first

One method divides the price (of a stock or index) by its trailing 12-month earnings.

FORBES: Bad News Usually Spells Good Buys

Another method is to swap the total return on the NCREIF index broken down by property sector, allowing investors to take a position in an alternate property sector in which they may not own properties, thus allowing investors to swap the returns from office related real estate for retail real estate.

FORBES: A Guide To Real Estate Derivatives

"This method was not suitable as mortgage interest payments are directly influenced by official interest rates, which would make the new index less suitable for use as an inflation target measure, were the government to decide to do so at some point in the future, " the ONS said.

BBC: New inflation measure proposed