Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
17th Edition
ISBN: 9781260149623
Author: Lind
Publisher: MCG
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Chapter 17, Problem 31CE
To determine

Find Fisher’s ideal index.

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4. The following table provides the average price of Regular Grade of gasoline for 4 years. Use 2015 as the reference value, complete the table by calculating the price index for each year. Show all your calculation in the space provided. Date 2013 2014 2015 2016 Regular Grade Gasoline Prices Price $3.505 $3.358 $2.429 $2.143 Price Index
The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year.  Commodity  2000 2005 Price (K) Quantity Price (K) Quantity  A B C 15 20 4 15 5 10 22 27  7 12 4 5  Compute the following price index numbers for 2005 from the above table: i. Laspeyre’s price index number                                                                  ii. Paasche’s price index number
The following tables consists of Prices and Consumption for three types of energy products in Australia from 2011 to 2021 Year 2011 2021 Year 2011 2021 Solar 7 4 Prices ($) Solar 15 17 Natural Gas 26 34 Consumption (Qty) Natural Gas 4 6 Wind 9 6 Wind 12 18 i. Using 2021 as the current year, calculate the Paasche aggregate price index. Show your calculations. ii. Interpret the Paasche price index.
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