Compute the simple price index

Assignment Help Basic Statistics

Reference no: EM131798284

Consider the following price data from 2002 to 2010.

a. Compute the simple price index using 2002 as the base year.

b. Update the index numbers with a base year revised from 2002 to 2005.

c. Plot the index numbers with a base year of 2002 and a base year of 2005. Compare the two plots.

Reference no: EM131798284

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