Retail price index, Mathematics

Assignment Help:

Retail price index

This is weighted average of price relatives based on an average household in the base year. The items consumed are divided into groups as liker food, transport, housing, alcoholic drinks, fuel, footwear, light, water, services household goods, e.t.c. all item involved in the index is described a weighting and a price relative to the base is calculated. Modified form of laspeyre's price index formula is utilized as a weighted arithmetic mean (a.m.) of price relatives.

 

    Retail Price index     179_Retail price index.png


Related Discussions:- Retail price index

Service marketing, assignment of marketing mix on healthservices

assignment of marketing mix on healthservices

Correlation, How o make vicariate frequency distribution table

How o make vicariate frequency distribution table

Determine series is convergent or divergent by radio test, Determine if the...

Determine if the following series is convergent or divergent by using Radio Test. Solution With this first illustration let's be a little careful and ensure that we h

Arclength surprise - mathematics, Suppose a unit circle, and any arc S on t...

Suppose a unit circle, and any arc S on the unit circle in the first quadrant. No matter where S is provided, the area between S and the x-axis plus the covered area between S and

The unitary method, i want detail information in advance with question and ...

i want detail information in advance with question and answers.

Help with word problem, You would like to have $4000 in four years for a sp...

You would like to have $4000 in four years for a special vacation following graduation by making deposits at the end of every 6 months in an annuity that pays 7% compounded semiann

Classifying critical points, Classifying critical points : Let's classify ...

Classifying critical points : Let's classify critical points as relative maximums, relative minimums or neither minimums or maximums. Fermat's Theorem told us that all relative

Graph, Now we need to discuss graphing an equation. The first question whic...

Now we need to discuss graphing an equation. The first question which we have to ask is what accurately is a graph of an equation?  A graph is the set of all the ordered pairs whos

Determine the mean of the subsequent numbers, Determine the mean of the sub...

Determine the mean of the subsequent numbers: Example: Determine the mean of the subsequent numbers: 5, 7, 1, 3, 4 Solution: where x'          =

What is approximation, approximate value is the precise or the accurate val...

approximate value is the precise or the accurate value which is measured  to the actual value.., approximation is how close the measured value is to the actual value , for example

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd