Retail price index, Mathematics

Retail price index

This is weighted average of price relatives based on an average household in the base year. The items consumed are divided into groups as liker food, transport, housing, alcoholic drinks, fuel, footwear, light, water, services household goods, e.t.c. all item involved in the index is described a weighting and a price relative to the base is calculated. Modified form of laspeyre's price index formula is utilized as a weighted arithmetic mean (a.m.) of price relatives.

 

    Retail Price index     179_Retail price index.png

Posted Date: 2/18/2013 2:25:55 AM | Location : United States







Related Discussions:- Retail price index, Assignment Help, Ask Question on Retail price index, Get Answer, Expert's Help, Retail price index Discussions

Write discussion on Retail price index
Your posts are moderated
Related Questions

Five more than the quotient of a number and 2 is at least that number. What is the greatest value of the number? Let x = the number. Notice that quotient is a key word for div

Eduardo is merging two 6-inch pieces of wood with a piece in which measures 4 inches. How many total inches of wood does he have? This problem translates to the expression 6 ×

how to divide an arc in three equal parts

Some interpretations of the derivative Example    Is f ( x ) = 2 x 3 + 300 +4 increasing, decreasing or not changing at x = -2 ? Solution:  We already know that the rate

Example: Suppose your football team has 10 returning athletes and 4 new members. How many ways can the coach choose one old player and one new one? Solution:  There are 10 wa

Testing the hypothesis equality of two variances The test for equality of two population variances is based upon the variances in two independently chosen random samples drawn

Union and Intersection - Set theory B ∩ C indicates the intersection of B and C. it is the set having all those elements that belong to both B and C If B = {5, 8, 11, 20, 2

Suppose research on three major cell phones companies revealed the following transition matrix for the probability that a person with one cell phone carrier switches to another.