Loose Leaf for Statistical Techniques in Business and Economics
Loose Leaf for Statistical Techniques in Business and Economics
17th Edition
ISBN: 9781260152647
Author: Douglas A. Lind
Publisher: McGraw-Hill Education
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Chapter 17, Problem 37CE
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
Consider the price of three items for years 2017 and 2019.SUGAR(KG) CALCULATOR DEODORANT 20072019Price Quantity Price Quantity14.00 60.00 800 200 18.00 85.00 900 50025.00 300 40.00 600 3.1 The using 2015 as base year calculate:3.1.1 The Laspeyres price and quantity indices.3.1.2 The Paasche price and quantity indices.(8)(8) 3.2 Interpret the Paasche indices calculated in question 3.1.2 above. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Use the following price information for selected foods for 2000 and 2013 given in the following table in the image. a. Compute a simple price index for each of the four items. Use 2000 as the base period. b. Compute a simple aggregate price index. Use 2000 as the base period. c.Compute Laspeyres’ price index for 2013 using 2000 as the base period.
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