Unit - 2 : Index Numbers 4. For the construction of Index number, select any 5 items of consumable products and obtain the price quotations of the items for the base year 2015 and current year 2021. Prepare a table and analyze the Price Index Number by:- (a) Simple (Un-weighted) Aggregative Method and (b) Simple Averages of Relatives Method using Arithmetic Mean (A.M), and interpret.
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Answer:
Simple 3x4=12
so 12 means 6+6=12 ,so divide 12 with
your b'day date if it come odd so you are Wrong if comes even so answer is wrong
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a) Aggregate Method- A\sB\sC\sD\sE 15\s33\s38\s25\s50 30\s35\s57\s35\s63 P0 = 161 and P1 = 220.
b) Averages of Relative Method- P01=P1P0100or, P01=220161100P01=136.64; P01=220161100P01=136.64; P01=220161100P01=136.64; P01=220161100P01=136
Explanation- Method of Price Relative
- Items 2004 (P0) 2018 (P0) 2004 (P0) 2004 (P0) 2004 (P0 (P1)
- A 15 30 3015100=200 B 33 35 3533100=106.06 Price relative =P1P0100 A 15 30 3015100=200 B 33 35 3533100=106.06
- N = 5 (P1P0100)=722.06 C 38 57 5738100=150 D 25 35 3525100=140 E 50 63 6350100=126 N = 5 (P1P0100)=722.06
- Nor, P01=722.065P01=144.412=(P1P0100)=(P1P0100)=(P1P0100)=(P1P0100)=(P1P0100)=(P1P0100)=0.069420
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