First take a base year. It has to be a normal year when no natural calamity took place and the value decided to all the goods is 100. Changes in the prices are measured as a percentage of the base year prices and then index numbers have to be calculated according to the changes. The answer to the current year is measured with the base year. The increase in the answer of the current year is the inflation rate.
how can we calculate cpi(consumer price index) .
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what is mean by statistical approach and economical approach in the theory of index numbers?
Purchasing power parity, or the comparison of real price levels between countries.
Index numbers are measures of relative changes and can show only a general tendency. In this sense they are techniques for estimating the general trends in prices, production and other economic variables. They are used to feel the pulse of the economy and they indicate the inflationary and deflationary tendencies.
How to calculate machine price index?
Bond's work index one of the most acceptable approach to calculate the grindability index.
COI = Average required cubic storage footage / average numbers of orders
how to calculate ftse 100
disadvantages of index numbers
how can we calculate cpi(consumer price index) .
The formula to calculate the refractive index of glass is n = c/v, where n is the refractive index, c is the speed of light in a vacuum, and v is the speed of light in the glass.
Severity Index= no. of fatal accidents / total no. of injury accidents
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what are the problems associated with the construction of index numbers
Severity Index= no. of fatal accidents / total no. of injury accidents
merits and demerits of index number