Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 17, Problem 49CE
To determine

To find: Fisher’s ideal index using the values of Laspeyres and Paasche's indexes as obtained previously.

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. Prepare Index Numbers of prices for three years with average price as the Base from the data given below : Years Rate per Rupee Commodities А B 1990 4 kgs. 2 kgs 1 kg
Question 21 Use the attached information to answer Question 21 and Question 22.Evaluate the Paasche Price index for 2020 using 2010 as the base year for the above data.A. 117.7B. 120.1C. 138.9D. 141.8 Question 22 Evaluate the Laspeyres Quantity index for 2020 using 2010 as the base year for the above data.A. 117.7B. 120.1C. 138.9D. 141.8
4. The following table provides the average price of Regular Grade of gasoline for 4 years. Use 2015 as the reference value, complete the table by calculating the price index for each year. Show all your calculation in the space provided. Date 2013 2014 2015 2016 Regular Grade Gasoline Prices Price $3.505 $3.358 $2.429 $2.143 Price Index
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