Index Number -1

 

Practical Exercise - 4

Computation of Price and Quantity Indices 

and 

Test for Adequacy of Good Index Number 

1. From the following data construct price and quantity indices using 2000 as base year using (i). 

aggregate price index (ii) average of price relatives index (iii) Weighted price index using Laspeyre's, 

Pasche's, Marshall Edgeworth's and Fisher's formula  Examine whether satisfies Time Reversal and 

Factor Reversal Tests

2. From the following data, construct Price and Quantity Indices by using weighted aggregate 

methods and also examine whether these indices satisfy the Criteria of good index number

3.From the following data, calculate Price and Quantity indices for the year 2005 with 2000 as base year by using Fisher's method. Examine Fisher's index method satisfy the TRT, FRT and CT