Calculate the revised fuel-cost index series

Reference no: EM13990257

The Central Energy Fund (CEF) monitors the price of crude oil imports and uses it as a basis for setting local fuel prices. The fuel-cost indexes of crude oil imports are given in the table below for the period 2001 to 2010.

	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010
Fuel cost index	100	116.2	122.4	132.1	135.7	140.3	142.8	146.9	153.4	160.5

(a) Every 10 years, the CEF resets the base five years on from the current base. Calculate the revised fuel-cost index series, with 2006 as the new base year.

(b) Calculate the link relatives and plot the annual percentage changes on a line graph.

(c) Find the average annual percentage change in the fuel cost index from 2001 to 2010. Use the geometric mean formula.

(d) Comment on the trend in price changes of crude oil imports between 2001 and 2010.

Reference no: EM13990257

Questions Cloud

The seminal vesicles : The seminal vesicles: A) are located in the abdominal cavity. B) are in the scrotum.

Supplies ready-mix concrete receives : A company that supplies ready-mix concrete receives, on average, six orders per day.

Calculate for the volatility : Basically, new sheets CRSP, Analysis, Minimization, Default of Probability are to be created using this data for the various quarters of 2000 and 2001. Solver is to be used to calculate for the volatility.

Is the common iliac vein anterior : Is the common iliac vein anterior or posterior to the femoral artery?

Calculate the revised fuel-cost index series : Every 10 years, the CEF resets the base five years on from the current base. Calculate the revised fuel-cost index series, with 2006 as the new base year.

Analyze the three sections of the brain stem : Analyze the three sections of the brain stem, their individual functions, and their component role in brain physiology. Categorize the brainstem, cerebellum, and cerebrum in terms of anatomy and functions

Problem regarding the models of tennis shoes : The company's financial plan requires that sales volumes (i.e. quantities sold) of all models of tennis shoes must show an increase of at least 12% per annum.

What money-related questions do you still have : How does what you have learned or realized relate to or impact your personal, educational and career goals? Do you feel prepared to enter student loan repayment and understand how to get started? What money-related questions do you still have? How w..

What is wavelength of that photon when electron undergoes : When an electron in a one-dimensional box makes a transition from the n = 1 energy level to then = 2 level, it absorbs a photon of wavelength 433 nm . What is the wavelength of that photon when the electron undergoes a transition from the n = 2 to..

User Account

All Pages