Examine the unweighted methods of index number in the light of the orderreversal test with reference to the following data :1995Commodity1998PriceQuantityPriceQuantityA4.1012B6.8.710C10124312415E78.

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Answered: Examine the unweighted methods of index…

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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Consider that we are interested in computing the time weighted average number of cars parked in the parking garage on a Sunday in December. We start at midnight and collect the entry and exit times of cars in the garage until the following midnight as follows. Entry 12:45:00 AM Entry 1:00:00 AM Entry 3:30:00 AM Exit 5:15:00 AM Entry 7:00:00 AM Entry 8:15:00 AM Exit 8:45:00 AM Entry 10:00:00 AM Exit 10:30:00 AM Entry 2:30:00 PM Exit 4:15:00 PM Entry 6:00:00 PM Exit 7:45:00 PM Entry 9:30:00 PM Exit 11:15:00 PM What was the time weight average number of cars parked in the parking garage on that Sunday?
The following data shows prices of three types of fruits over ten years. Year Mango Orange Blackberry 1 50 100 150 2 55 115 155 3 60 100 125 4 55 110 130 5 63 120 120 6 65 110 125 7 70 105 140 8 75 120 170 9 60 130 160 10 65 135 175 Take year 1 as the base year. In that year the production of Mango, Orange, and Blackberry was 50, 25,and 15 thousand kilograms respectively.a) Find the un-weighted index of prices.b) Find the Laspeyres index for fruit prices.c) What is the change in price from year 6 to year 7 if you use un-weighted index.d) What is the change in price from year 6 to year 7 if you use Laspeyres index.e) Is answer to c is different from answer to d. Explain your answer
3. The following data shows prices of three types of fruits over ten years. Year Mango Orange Blackberry 50 100 150 55 115 155 60 100 125 4 55 110 130 63 120 120 65 110 125 7 70 105 140 8 75 120 170 60 130 160 10 65 135 175 Take year 1 as the base year. In that year the production of Mango, Orange, and Blackberry was 50, 25, and 15 thousand kilograms respectively. a) Find the un-weighted index of prices. b) Find the Laspeyres index for fruit prices. c) What is the change in price from year 6 to year 7 if you use un-weighted index. d) What is the change in price from year 6 to year 7 if you use Laspeyres index. e) Is answer to c is different from answer to d. Explain your answer
The following is historical sales data ABC Clothing Inc: Month Sales (units) 5-Month Moving Avg. Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep - 19 Oct-19 Nov - 19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 10 15 20 20 25 20 20 25 30 35 40 50 70 85 100 125 P a) Complete the chart by calculating the 5-month moving average and make a forecast for May 2020. b) Do you think the forecasted value for May-20 using the 5-month moving average is accurate? What are some other methods that you could have used to make a forecast?
Example 1 From the data given below, calculate the index number of prices for all the years with reference to 1980 as the base year, using Simple Aggregative Method. Items 1980 1981 1982 1983 Rice wheat 57.2 130.3 51.7 56.4 58.7 60.4 121.3 124.6 50.3 135.5 53.3 Sugar 48.2
The following information was recorded in a toy store: Year 2016 Year 2017 Year 2018 Price Quantity Price Quantity Price Quantity Slime 6. 50 9. 60 10 56 Sticky tact 100 2 105 120 Stinky egg Teddy Bear 4 60 4 50 60 10 30 11 26 12 24 Tortoise 8 40 11 39 12 36 (a) By using the above data, compute the Laspeyres Price Index for year 2018 by using year 2016 as base year. (b) Interpret your answer in part (a)). (c) By using the above data, compute the Paasche Price Index for year 2018 by using year 2016 as base year. (d) Which item has experienced the greatest inflation rate from year 2017 to year 2018? (Just state vour answer, no calculation is needed in part (d)).
The following distribution shows the annual average cost of a given commodity (100 pound bag of cement) for the given years. 1. Complete the table by computing the 4-year and 5-year SMAS and EMAs using your own commodity. Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Commodity Four- Price Year $6.75 $6.70 $7.75 $6.72 $5.75 $6.70 $5.99 $6.25 $6.35 $7.15 $6.95 $6.45 $8.75 $8.50 $9.25 $9.33 $8.95 $9.15 $9.55 $8.85 Four-Year Five-Year Exponential Simple Moving Averages (SMA Simple Moving Moving Averages Averages (EMA) (SMA) Five-Year Exponential Moving Averages (EMA)
Assist the analyst to obtain the index value forecasts
The following data was accessed January 6, 2022: Country Total Deaths Total Cases Population 5,484,942 298,766,667 7,918,490,000 853,612 482,876 619,559 149,515 World USA 58,805,186 35,109,286 1,400,494,834 22,351,104 14,015,065 333,934,783 India 214,841,765 68,424,733 Brazil UK Calculate the correct numbers using the world data above to insert in the sentences below. COVID has altered our world. But how many people have really died in the world? (media form here) Select an answer people! That's a really big number, but how can we understand that number? One way is to talk about the case fatality rate, that's the chance that a person who gets COVID will die. Based on the table, that is % of people who get COVID will die. That is in every 100 people or in every 1000 people. Another valuable number to consider is what percent of our total population have died? 36. That means 1 in every people have died. Submit Question
From the following data construct a price index number of the group of four commodities by using the appropriate formula : Commodity Base Year Current Year Price per unit Expenditure Price per unit Expenditure A 40 75 4 16 40 C 1 10 2 24 5 25 10 60
For a group of 20 students taking a PSDTF test, the mean heart rate was 96 beats per minute, and the standard deviation was 5. Find the 95% confidence interval of the true mean.
The table below is the number of employees owned by Islamic Commercial Banks (BUS) in 2011 – 2020 obtained from the publication of Sharia Banking Statistics for several years. From the data, answer the following questions: Draw a dot diagram and trend line chart

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Examine the unweighted methods of index number in the light of the order reversal test with reference to the following data : 1995 Commodity 1998 Price Quantity Price Quantity 4. 10 12 6. 8 7 10 10 12 4 3 12 4 15 5 7 8. ABCDE