The prices and production of grains for 2002 and 2012 (www.ers.usda.gov) are listed below. Using 2002 as

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The prices and production of grains for 2002 and 2012 (www.ers.usda.gov) are listed below.

Using 2002 as the base period, find the value index of grains produced for August2012.

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 09:27 AM

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The prices and production of grains for 2002 and 2012 (www.ers.usda.gov) are listed below. Using 2002 as

Question:

2002 Production (millions of bushels) 116 2012 Production (millions of bushels) Grain Oats Wheat Corn Barley 2002 Price Per Bushel $1.81 3.56 2.32 2.72 2012 Price Per Bushel $3.8 7.9 6.9 6.4 64 8,967 227 10,780 220

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The value index is the latest value of fundamental assets which is ...View the full answer

Statistical Techniques in Business and Economics

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