Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
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Chapter 18, Problem 2.1PT

a.

To determine

Compute the simple index for each year using 2009 as the base year.

b.

To determine

Compute the simple index for each year using 2009‑2010 as the base year.

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Suppose that the price of a product has decreased by 56%. Express this value as an index number.
to う S= %3D
c. Predict sales in 15 years.

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Statistical Techniques in Business and Economics

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