A Laspeyres price index for each year? 3. The following data describe the catch an average price for three Alaskan crab speciesfrom 1980 to 1987.Catch (Millions of kilograms)Snow DungenessAverage Price ($/kg)Snow DungenessKingKing198085.560.15.91.000.490.54198188.649.415.11.390.500.69198239.782.915.92.691.170.74198326.954.511.82.780.891.02198417.234.69.92.340.711.38198515.351.59.72.630.601.27198627.283.55.93.370.761.05198715.575.010.51.501.500.75Using 1983 as the baseyear,construct

Laspeyres Price Index: It a ratio that uses the weights taken from a base period which can be the…

3. The following data describe the catch an average price for three Alaskan crab species from 1980 to 1987. Catch (Millions of kilograms) Average Price ($/kg) King Snow Dungeness King Snow Dungeness 1980 85.5 60.1 5.9 1.00 0.49 0.54 1981 88.6 49.4 15.1 1.39 0.50 0.69 1982 39.7 82.9 15.9 2.69 1.17 0.74 1983 26.9 54.5 11.8 2.78 0.89 1.02 1984 17.2 34.6 9.9 2.34 0.71 1.38 1985 15.3 51.5 9.7 2.63 0.60 1.27 1986 27.2 83.5 5.9 3.37 0.76 1.05 1987 15.5 75.0 10.5 1.50 1.50 0.75 Using 1983 as the base year, construct

3. The following data describe the catch an average price for three Alaskan crab species from 1980 to 1987. Catch (Millions of kilograms) Average Price ($/kg) King Snow Dungeness King Snow Dungeness 1980 85.5 60.1 5.9 1.00 0.49 0.54 1981 88.6 49.4 15.1 1.39 0.50 0.69 1982 39.7 82.9 15.9 2.69 1.17 0.74 1983 26.9 54.5 11.8 2.78 0.89 1.02 1984 17.2 34.6 9.9 2.34 0.71 1.38 1985 15.3 51.5 9.7 2.63 0.60 1.27 1986 27.2 83.5 5.9 3.37 0.76 1.05 1987 15.5 75.0 10.5 1.50 1.50 0.75 Using 1983 as the base year, construct

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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Question

A Laspeyres price index for each year?

3. The following data describe the catch an average price for three Alaskan crab species
from 1980 to 1987.
Catch (Millions of kilograms)
Snow Dungeness
Average Price ($/kg)
Snow Dungeness
King
King
1980
85.5
60.1
5.9
1.00
0.49
0.54
1981
88.6
49.4
15.1
1.39
0.50
0.69
1982
39.7
82.9
15.9
2.69
1.17
0.74
1983
26.9
54.5
11.8
2.78
0.89
1.02
1984
17.2
34.6
9.9
2.34
0.71
1.38
1985
15.3
51.5
9.7
2.63
0.60
1.27
1986
27.2
83.5
5.9
3.37
0.76
1.05
1987
15.5
75.0
10.5
1.50
1.50
0.75
Using 1983 as the base
year,
construct

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