Construct the chain indices from the following price relatives of four commodities using geometric mean as an average. Year Price Relatives of Commodities A B C D 1951 14.6 21.6 250.0 119.0 1952 12.7 13.8 159.0 128.0 1953 12.1 15.0 130.0 111.0 1954 121.6 241.6 216.0 165.0
Construct the chain indices from the following price relatives of four commodities using geometric mean as an average. Year Price Relatives of Commodities A B C D 1951 14.6 21.6 250.0 119.0 1952 12.7 13.8 159.0 128.0 1953 12.1 15.0 130.0 111.0 1954 121.6 241.6 216.0 165.0
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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Q. Construct the chain indices from the following price relatives of four commodities using geometric mean as an average.
|
Year |
Price Relatives of Commodities |
|||
|
A |
B |
C |
D |
|
|
1951 |
14.6 |
21.6 |
250.0 |
119.0 |
|
1952 |
12.7 |
13.8 |
159.0 |
128.0 |
|
1953 |
12.1 |
15.0 |
130.0 |
111.0 |
|
1954 |
121.6 |
241.6 |
216.0 |
165.0 |
Expert Solution
Step 1
Given data :
| Year | A | B | C | D |
| 1951 | 14.6 | 21.6 | 250 | 119 |
| 1952 | 12.7 | 13.8 | 159 | 128 |
| 1953 | 12.1 | 15 | 130 | 111 |
| 1954 | 121.6 | 241.6 | 216 | 165 |
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