Skip to Main Content
Business Statistics, Second Edition
book

Business Statistics, Second Edition

by J. K. Sharma
November 2006
Intermediate to advanced content levelIntermediate to advanced
744 pages
29h 18m
English
Pearson India
Content preview from Business Statistics, Second Edition

Chapter 17

Index Numbers

And in such indexes…, there is seen the baby figure of the gaint mass of things to come.

—William Shakespeare

LEARNING OBJECTIVES

 

After studying this chapter, you should be able to

  • explain the purpose of index numbers.

  • compute indexes to measure price changes and quantity changes over time.

  • revise the base period of a series of index numbers

  • explain and derive link relatives

  • discuss the limitations of index number construction

17.1 INTRODUCTION

We know that most values change and therefore may want to know-how much change has taken place over a period of time. For example, we may want to know-how much the prices of different items essential to a household have increased or decreased so that necessary adjustments ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Statistics for Business

Statistics for Business

Derek Waller
Statistics for Finance

Statistics for Finance

Erik Lindström, Henrik Madsen, Jan Nygaard Nielsen

Publisher Resources

ISBN: 9789332503434