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lity Store, Inc., selects four commodities for the purpose of developing its own index of stock market behavior. Company has the following data on quantities shipped and unit costs for each of its four products: Base-year quantities are set on the basis of historical volumes for the four stocks 2017 Item Oil Cotton Steel Real Estate a. b. C. Cost $ 10.50 16.25 12.20 20.50 Quantity 2000 5000 6500 2500 Price $15.90 (5 marks) (5 marks) 32.00 17.40 35.50 Compute the price relative for each product. (4 marks) Compute the Laspeyres index. Compute the Paasche index. 2021 4000 3000 7500 a. Compute the price relative for each product. (4 marks) b. Compute the Laspeyres index. (5 marks) c. Compute the Paasche index. (5 marks) lity Store, Inc., selects four commodities for the purpose of developing its own index of stock market behavior. Company has the following data on quantities shipped and unit costs for each of its four products: Base-year quantities are set on the basis of historical volumes for the four stocks 2017 Item Oil Cotton Steel Real Estate a. b. C. Cost $ 10.50 16.25 12.20 20.50 Quantity 2000 5000 6500 2500 Price $15.90 (5 marks) (5 marks) 32.00 17.40 35.50 Compute the price relative for each product. (4 marks) Compute the Laspeyres index. Compute the Paasche index. 2021 4000 3000 7500 a. Compute the price relative for each product. (4 marks) b. Compute the Laspeyres index. (5 marks) c. Compute the Paasche index. (5 marks)
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Related Book For
Statistics for Business & Economics
ISBN: 978-1337901062
14th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Posted Date:
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