3. A department of Statistics has collected the data describing the prices and quantities of harvested crops for the yea
Posted: Wed Jul 06, 2022 6:39 pm
3. A department of Statistics has collected the data describingthe prices and quantities of harvested crops for the years 1990 and2000 (stored in worksheet Q3). Compute price index number byWeighted Aggregates method (Laspeyre’s, Paache’s, and Fisher’s) andweighted Average of Relatives method from the data (Price quoted inRs. per kg. and production in qtls).
Item
1990 2000
Price (p0) Production(q0) Price (p1) Production (q1)
Paddy 200 1050 500 1300
Wheat 250 940 550 1220
Groundnut 350 400 800 500
Item
1990 2000
Price (p0) Production(q0) Price (p1) Production (q1)
Paddy 200 1050 500 1300
Wheat 250 940 550 1220
Groundnut 350 400 800 500