Spatially-consistent series of prices can be constructed from the old prices by employing the weights as shown above. For example, if the 1980 first quarter prices for delivered pine pulpwood ($/cord) in Alabama regions were as follows:
Alabama Region 1: $27
Alabama Region 2: $25
Alabama Region 3: $33
and the weights for constructing the new Region 1 series were
w11 = 0.14
w21 = 0.53
w31 = 0.33
Then the new Region 1 series price would have been:
