Compute a price index for the following by (a) simple aggregative method (b) average of price relatives method by using both arithmetic mean and geometric mean. Commodity Price in 2010 Price in 2016 A B C D E 20 30 10 25 40 50 25 30 15 35 45 55 Calculation of Price Index P Price in 2010 Price in 2016 x 100 Log P Commodity PO PI 25 125 2.0969 20 A 100 2.0000 30 30

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Compute a price index for the following by (a) simple aggregative method (b)
average of price relatives method by using both arithmetic mean and geometric mean.
Commodity
Price in 2010.
Price in 2016
A
B
C
D
E
20
30
10
25
40
50
25
30
15
35
45
55
Calculation of Price Index
Price in 2010
Price in 2016
x 100
Log P
Commodity
PO
PI
20
25
125
2.0969
A
100
2.0000
30
30
Transcribed Image Text:Compute a price index for the following by (a) simple aggregative method (b) average of price relatives method by using both arithmetic mean and geometric mean. Commodity Price in 2010. Price in 2016 A B C D E 20 30 10 25 40 50 25 30 15 35 45 55 Calculation of Price Index Price in 2010 Price in 2016 x 100 Log P Commodity PO PI 20 25 125 2.0969 A 100 2.0000 30 30
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