How to Calculate an Index Number

 

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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  • 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?

  • 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

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