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Index Numbers
Economics · Chapter 23 · 3. Statistics
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- Index numbers: meaning, purpose and what a price index shows
- Simple and weighted index numbers; price-weighted and quantity-weighted
- Laspeyres', Paasche's and Fisher's index numbers
- Wholesale Price Index, Consumer Price Index and Index of Industrial Production; uses of index numbers
- Problems in constructing a price index: base year, coverage, choice of prices and method