Construct price index number from the following data by applying (Paasche's ideal MethodCommodity Price(2000) Quantity(2000) Price(2001) Quantity(2001)A2412104151221820A. 148.65

to find the price index number using passches ideal method

Answered: Construct price index number from the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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information : Fuel Others Clothing Expenses on Food Rent -> 20% 10% 25% 30% 15% 70 20 40 Prices (in Rs.) in 1997 100 20 60 15 55 Prices (in Rs.) in 1998 90 20 Compute the price index number using : (i) Weighted A.M. of price-relatives. (ii) Weighted G.M. of price-relatives.
Create logical groupings (A,B,C) using percentage annual value in the figure below. Explain your answer(s).
From the data given below find the cost of living index number for 1998. Per cent of total Items Price in 1997 Price in 1998 expenditure 140 45 Food Fuel Housing Clothing Miscellaneous 160 30 25 15 80 70 20 40. 35 12 50 40 8.
Provide an appropriate chart for the following data
Maryland Café Using the following information to answer the questions, Please take 2 decimals in calculation. Month Sales ('000s) January 24 37 February March 24 42 24 39 April 2$ 29 May June 49 40 July August September 39 40 43 October ?? 1. What is the forecast for October using a 5-month moving average approach? $42,200 2. What is the forecast for October using a 3-month weighted moving average approach? In order from most recent to least recent month, assign weights of 0.5, 0.2 and O.1 $41,470 3. What is the forecast for October using exponential smoothing with alpha = 0.2, July forecast was 30 $35.350
Determine simple price index of soap for 2018.
2. Which of the following statements is false? Explain your answer. A. A price index can be used to compare changes in prices over time. B. A graph of the average monthly price of gas is an example of an index. C. Price index values are often calculated relative to a base value at a certain point in time or in a certain place. D. Index values can be greater than 100.
2
he following information is on food items for the years 2010 and 2018. 2010 2018 Item Price Quantity Price Quantity Margarine (pound) $ 0.81 18 $ 2.00 27 Shortening (pound) 0.84 5 1.88 9 Milk (1/2 gallon) 1.44 70 2.89 65 Potato chips 2.91 27 3.99 33 Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your answers to 2 decimal places.)

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Construct price index number from the following data Commodity Price(2000) Quantity(2000) Price(2001) Quar 8 12 15 18 2 4 10 4 12 4 20 148 65