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Quantitative Methods for Business Decision Making Index Number

CONTENT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What is Index Number ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Type of Index Number ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Type of Index Number (Cont) ,[object Object],[object Object]

Some Notations ,[object Object],[object Object]

Simple & Weighted of Prices Relative Methods ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Simple & Weighted Aggregative Methods ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Unweighted Aggregates Index =75.70/52.20*100 =145 =52.20/52.20*100 =100 Unweighted Aggregates Price Index 75.70 52.20 TOTAL 20.00 14.90 Gasoline 1 Liter 20.00 14.90 Hamburger 1 Pound 10.00 8.10 Egg 1 Dozen 34.00 19.20 Milk 1 liter Prices 1995 P 1 Prices 1990 P 0 Elements in Composite

Simple (Un-weighted) Aggregates Index ,[object Object],[object Object]

Weighted Aggregates Index 100*2737 / 2116.60 = 129 100 INDEX 2737.00 2116.60 TOTAL 0.20 0.30 110.00 150.00 0.002 Calculator 1801.80 1540.00 11.70 10.00 154,000 Petrol 220.00 163.90 20.00 14.90 11,000 Hamburger 35.00 28.40 10.00 8.10 3,500 Eggs 680.00 384.00 34.00 19.20 20,000 Milk P 1 *Q P 0 *Q P 1 1995 Price P 0 1990 Price Q (Vol) Element

Weighted Aggregates Index (Cont) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Weighted Aggregates Index (Cont) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Weighted Aggregates Index (Cont) ,[object Object],[object Object],[object Object],[object Object]

Problems related to Index Number ,[object Object],[object Object],[object Object],[object Object]

Ch1 2 index number

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