Composite Index Number
A price index for a group of commodities is called a composite price index. A consumer price index which represents a price comparison for a group of commodities such as wheat, sugar, rice, barley etc. is an example of composite index number. The four basic forms of composite indexes are given below.
• Average of Relatives
• Average of weighted relatives
• Simple aggregative
• Weighted aggregative
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It is very much helpful lecture.
i wanna ask, if my company concerned the amount of money spend on petrol, in the year 1998 i spend $166000 and the price index is 111
In the year 1997, price index is 100
now i wan to find the real sales base in the year 1997.How i solve it?
it great lecture, i really enjoy it , it very simplify. Thank for great work.
Its really a informative lecturer thnx 4 sharing
i wanna ask how to calculate coefficient of variance form the following data
classes:5-10, 10-15, 15-20,20-25,25-30,30-35,35-40,40-45,5-50
frequency:5 7 9 12 17 14 8 6 3
how to solve it
production: 100,200,300,400,500,600,700
In lack TK.
profit:40 50 50 70 65 65 80
in thousand TK.
CALCULATE ye from the data and show the graph