Question: STATISTICS Question: a) Construct the chain indices from the following price relatives of four commodities using geometric mean as an average. Price Relatives of Commodities

STATISTICS Question:

a) Construct the chain indices from the following price relatives of four commodities using geometric mean as an average. Price Relatives of Commodities Year A B C D 1951 14.6 21.6 250.0 119.0 1952 12.7 13.8 159.0 128.0 1953 12.1 15.0 130.0 111.0 1954 121.6 241.6 216.0 165.0 b) Compute the index numbers of Fisher's Ideal type for the following data. Prices Quantities Commodity 2000 (base) 2004 2000 2004 A 5 7 49 70 7 5 28 27 C 9 10 29 35 D 4 9 42 50 10 3 25 16

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