ME172-WEB The Producer Price Index & BLS
Trending is an important tool most appraisers use in order to begin the cost approach. The source of these trends and how to properly utilize them is important. This webinar will review the various trend data published by the Bureau of Labor Statistics (BLS). The webinar will go into a brief history of the BLS, how the data is gathered, and the process used to calculate the PPI data. It will also provide detail on how to access the data and how to utilize the data properly.
Upon webinar completion, the participant will be able to:
1. Provide a brief background and history of the Bureau of Labor Statistics (“BLS”) and the Producer Price Index (“PPI”)
2. Explain the difference between the PPI and the CPI
3. Describe/outline how the data is gathered and the extent of the data gathered
4. Discuss the differences between the Industry Classification and Commodity Classifications
5.Outline how the PPI is calculated
6. Outline how the PPI data is organized and how to access it
Any appraiser who wants to get a better understanding of the BLS and how to utilize the PPI data produced by the BLS.
Douglas Krieser, ASA, FRICS
Douglas Krieser, ASA FRICS has performed valuations for over 33 years. He is the Managing Director at Valcon Partners, LTD. He is a Past-President of the American Society of Appraisers (ASA), the past Chair of the Board of Examiners, has served on the MTS Committee and on various committees and task forces for both the ASA and the Appraisal Foundation. He has been teaching and writing ASA courses, webinars and presentations for over 15 years.
The majority of his career has been spent performing valuations for financial reporting, ad valorem tax and litigation purposes. Mr. Krieser has performed and supervised valuations throughout the United States, Europe, Asia, and South America. In addition to his valuation experience, Mr. Krieser is regarded as an expert witness and has testified in several states regarding personal property tax matters and in federal bankruptcy court.
In addition to authoring articles for various value-related publications and being a contributing author to various textbooks published by the ASA, Mr. Krieser has presented at national conferences on a variety of valuation and regulatory related topics.
In addition to his membership in the ASA, Mr. Krieser is a Fellow of The Royal Institution of Chartered Surveyors.
William Engel (Bill), ASA-MTS, is President of Strategic Asset Management, an appraisal firm in East Amherst, NY. He has appraised equipment utilized in a variety of industries for a number of appraisal uses including (but not limited to) financing, purchase price allocation, insurance, partner buyouts and matrimonial matters. Bill earned his ASA designation in 2004 and is the current Chair of the Machinery and Technical Specialties Discipline Committee.