index number Flashcards
chain index number
link relative of cy X chain index of py /
100
deflating time series includes
deflated value
current value
real wages
deflated value
current value/
price index of cy
current value
base price/
current price
real wages
(actual wages / CLl) x 100
shifting
original rpice index/.
price index of the year on which it has o be shifted
test of adequacy how mnay
4
unit test
satisfied by all except simple unweightaged aggregative index
time reversal test
p01 x p10 = 1
satisfed by fishers
factor reversal test
p01 x q01 = v01
circular test
p01 x p12 x p20 = 1
satisified by
simple gm of price relatives
weighted agg with fixed weights
time reversal and factor reversal are
test of consistency
a series of nuerical figures which show the realtive positons
index number
the circular test is an extension of
time reversal test
index number are expressed as
percentages
index no. are not helpful in
indentifying errors
the cost of living index is alwas
weightaged index number
which test is known for shift base index no.
circular test
which of the following is not apporparatie for caluclation o index number
price relative test
which of the following index measures the change from month to month in the cost of a represntative basket of goods and services of the type which are bought by a typical household
retail price index
in price index when a new commodity is required to be added which index is used
shifted price index
purhcasinf power of money is
reciprocal of price index number
the formula should be indpeendent of the unit in wich or for which price and qunities are quoted in
unit test
the best avg for ocnstructing index no. is
gm
the weighted average fo price realtived=s of commodities when the wegiht is equal to the vale of ocmmodities in base yar yiels —— index number
laspyres
which test should be considered nexessarilty to verify the consistency while we select ana ppropraiate index formula
time reversal and factor reversal
simple aggregative method- aka and formula
aka unwieghtaged method
summaiton pn / EPo X 100
simple avg of price relatives
summation ((pn/po)x 100) / N
geometric mean of price relatives
pn pn
— x. —— ……., whole raise 1/n
po po
weighted average method aka
general index
cost of living index number
weighted average of relatives
.Pn
summation( —– x (PoQo) )
. Po
——————– x 100
summation PoQo
value indices
summation PoQo
summation Vn
summation Vo
