Now we know about class interval, class limits, size of class interval, frequency distribution, class boundaries and mid class. On…
When data is arranged in ascending or descending order, it can be divided into various parts by different values such…
An index number is a percentage value designed to measure the over all change in a variable, or in a…
The construction of an index number is not an easy task. Various problems hamper the construction of index number such…
The geometric mean of Laspeyre’s and Paasche’s price indices is called Fisher’s price Index. Fisher price index uses both current…
If the quantities of base time period are taken as weights, the weighted aggregative price index is called Laspeyres price…
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…