The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year. COMMODITY 2000 2005 PRICE $ QUANTITY PRICE $ QUANTITY A 15 15 22 12 B 20 5 27 4 C 4 10 7 5 Compute the following price index numbers for 2005 from the above table: i. Laspeyre’s price index number ii. Paasche’s price index number

The following table gives the prices of some food items in the base year and current year and the quantities sold in the base year and current year. COMMODITY 2000 2005 PRICE $ QUANTITY PRICE $ QUANTITY A 15 15 22 12 B 20 5 27 4 C 4 10 7 5 Compute the following price index numbers for 2005 from the above table: i. Laspeyre’s price index number ii. Paasche’s price index number

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.3: Simple Regression Models

Problem 9P

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