Retail price index, Mathematics

Assignment Help:

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


Related Discussions:- Retail price index

Invariant lines under transformation, What lines are invariant under the tr...

What lines are invariant under the transformation [(103)(01-4)(001)]? I do not know where to even begin to solve this. Please help!!

Additionally functions in substitution rule, Substitution Rule Mostly ...

Substitution Rule Mostly integrals are fairly simple and most of the substitutions are quite simple. The problems arise in correctly getting the integral set up for the substi

Prove the parallelogram circumscribing a circle is rhombus, Prove that the ...

Prove that the parallelogram circumscribing a circle is rhombus. Ans   Given : ABCD is a parallelogram circumscribing a circle. To prove : - ABCD is a rhombus or AB

Algebra, simplify mn+mp+nq+pq /n+p

simplify mn+mp+nq+pq /n+p

Lim.., how can solve limits

how can solve limits

Stratified sampling, Stratified sampling In stratified sampling case t...

Stratified sampling In stratified sampling case the population is divided into groups in such a way that units in each group are as same as possible in a process called strati

Probability, The probability that a leap year will have 53 sunday is ? and ...

The probability that a leap year will have 53 sunday is ? and how please explain it ? (a)1/7    (b) 2/7    (c) 5/7    (d)6/7 Sol) A leap year has 366 days, therefore 52 weeks i.e

Trivial solution of equation, Specified a system of equations, (1), we will...

Specified a system of equations, (1), we will have one of the three probabilities for the number of solutions. 1.   No solution. 2.   Accurately one solution. 3.   Infinit

More optimization problems, More Optimization Problems Example   A w...

More Optimization Problems Example   A window is being built in which the bottom is rectangle and the top is a semicircle. If there framing materials is 12 meters what have

Recognize the intervals for function h ( x ) = 3x5 - 5x3 + 3, For the given...

For the given function recognize the intervals where the function is increasing and decreasing and the intervals where the function is concave up & concave down. Utilizes this info

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd