Use the data in Tables 19.5 and 19.6 to compute the Laspeyres index and compare the result
Question:
Use the data in Tables 19.5 and 19.6 to compute the Laspeyres index and compare the result to the Paasche index. Also compute Fisher’s ideal quantity index.
Tables 19.5
Tables 19.6
Transcribed Image Text:
1989 Commodity Qui Poi Automobiles 40 Computers Televisions 30 10 1,000 500 200 1990 Qui 50 40 20 1991 Q2i 60 50 30 QoiPoi 40,000 15,000 2,000 57,000 QuiPoi 50,000 20,000 4,000 74,000 Q2iPoi 60.000 25,000 6,000 91,000
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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