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Index Numbers and Moving Averages
Applied Mathematics · Chapter 15 · Unit 7: Index Numbers and Moving Averages
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Topics 4
- Price index and price relatives; simple average of price relatives
- Weighted average of price relatives: cost of living index and consumer price index
- Simple aggregate method; weighted aggregate index numbers (Laspeyres, Paasche, Fisher and others) and their merits
- Moving averages: meaning, purpose, calculation for a given period and plotting; centred moving averages for even periods