If the weights are taken as the arithmetic mean of base and current year quantities, then the weighted aggregative index…
If the quantities of current time period are taken as weights, the weighted aggregative index is called Passche’s Price Index.…
Consumer price index compares the price changes with changes in income, wage rates, retail sales etc. Consumer price index is…
Most index numbers are subjected to revision from time to time due to different reasons. In most cases it becomes…
The index which measures the change in prices of goods and services purchased by specific class or group of people…
In case of average of weighted relatives, price relative of each commodity is multiplied by the weight of that commodity…
In case of unweighted average of relatives, price relative of each commodity is first calculated and then average (mean, median…
The ratio of the sum of weighted prices of current and base time periods multiplied by 100 is called weighted…
The method in which sum of prices of all the commodities in the current period is divided by the total…
Simple price index is a percentage ratio that represents a comparison for a single commodity. For example, let the price…