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With regard to Lasperye's and Paasche's price index number, it is maintained that "if the prices of all the goods change in the same ratio, the two indices will be equal for then the weighting system is irrelevent or if the quantities of the goods change in the same ratio, they will be equal, for then the two weighting systems are the same relatively."

With regard to Lasperye's and Paasche's price index number, it is maintained that "if the prices of all the goods change in the same ratio, the two indices will be equal for then the weighting system is irrelevent or if the quantities of the goods change in the same ratio, they will be equal, for then the two weighting systems are the same relatively."

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
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With regard to Lasperye's and Paasche's price index number, it is maintained that "if the prices of all the goods change in the same ratio, the two indices will be equal for then the weighting system is irrelevent or if the quantities of the goods change in the same ratio, they will be equal, for then the two weighting systems are the same relatively."
Transcribed Image Text:With regard to Lasperye's and Paasche's price index number, it is maintained that "if the prices of all the goods change in the same ratio, the two indices will be equal for then the weighting system is irrelevent or if the quantities of the goods change in the same ratio, they will be equal, for then the two weighting systems are the same relatively."
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