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

 

The index is utilized by the Government as a guide in finding the minimum wages, pension rates unemployed benefits in UK. Trade unions employ, it as a basis for their wages claims.

 


Related Discussions:- Retail price index

Methods of sampling, a.      Random or probability sampling methods they in...

a.      Random or probability sampling methods they involve: Simple random sampling Systematic sampling Stratified sampling Multi stage sampling   b.

Related to MCA, AskIf y=e^(a?sin?^(-1) x), prove that (1 – x2)yn+2 – (2n + ...

AskIf y=e^(a?sin?^(-1) x), prove that (1 – x2)yn+2 – (2n + 1)xyn+1 – (n2 + a2)yn = 0. Hence find the value of yn when x = 0. question #Minimum 100 words accepted#

Properties of relations in a set, Reflexive Relations: R is a reflexive...

Reflexive Relations: R is a reflexive relation if (a, a) € R,  a € A. It could be noticed if there is at least one member a € A like (a, a) € R, then R is not reflexive. Sy

Find the polynomial zeros , If two zeros of the polynomial f(x) = x 4 - 6x...

If two zeros of the polynomial f(x) = x 4 - 6x 3 - 26x 2 + 138x - 35 are 2 ± √3.Find the other zeros.     (Ans:7, -5) Ans : Let the two zeros are 2 +√3 and 2 - √3 Sum of

Triangulos rectangulos y no rectangulos, el extremo de un poste que partió ...

el extremo de un poste que partió 8.45 metros de la base del poste y forma con el suelo un angulo de 40 grados 28 minutos.hallar la altura original del poste

Calculus three, i would like answers to these questions i will give you as ...

i would like answers to these questions i will give you as soon as possible

Distinct eigenvalues-sketching the phase portrait, Sketch the phase portrai...

Sketch the phase portrait for the given system. Solution : From the last illustration we know that the eigenvectors and eigenvalues for this system are, This tu

Example of integrals involving quadratics, Evaluate the following integral....

Evaluate the following integral. ∫√(x 2 +4x+5) dx Solution: Remind from the Trig Substitution section that to do a trig substitution here we first required to complete t

Find out the total number of pounds of coffee purchased, Megan bought x pou...

Megan bought x pounds of coffee in which cost $3 per pound and 18 pounds of coffee at $2.50 per pound for the company picnic. Find out the total number of pounds of coffee purchase

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