From the followving data compute price index by using weighted average of price relatives method Use (1) arithmetic mean and (ii) geome- tric mean to show the difference between the two results. Current years Price (Rs.) 3 per kg. 2 per It. 4 per dozen Commodity Base years Price (Rs.) Base year Quantity 5 kg 2 litres 1 dozen Wheat Milk 2 per kg. 1 per lt. 3 per dozen Eggs

MATLAB: An Introduction with Applications
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From the following data compute price index by using weighted
average of price relatives method Use (1) arithmetic mean and (ii) geome-
tric mean to show the difference between the two results.
Commodity
Base years
Price (Rs.)
Current years
Price (Rs.)
Wheat
Milk
Eggs
2 per kg.
I per It.
per
Base year
Quantity
5 kg
2 litres
1 dozen
3 per kg.
2 per It.
4 per dozen
3
dozen
Transcribed Image Text:From the following data compute price index by using weighted average of price relatives method Use (1) arithmetic mean and (ii) geome- tric mean to show the difference between the two results. Commodity Base years Price (Rs.) Current years Price (Rs.) Wheat Milk Eggs 2 per kg. I per It. per Base year Quantity 5 kg 2 litres 1 dozen 3 per kg. 2 per It. 4 per dozen 3 dozen
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