Construction of Index Numbers
Construction of Index Numbers: Overview
The topic will talk about the construction of index numbers. We will learn about the problems and its important points while constructing the numbers. It also gives a brief explanation of each point on the basis of this concept.
Important Questions on Construction of Index Numbers
List the methods of construction of index numbers and explain Paasche's method.

Define index numbers According to spiegal and List the methods of construction of index numbers.

Define index numbers by according to Croxton and Cowden and List the methods of construction of index numbers.

List the methods of construction of index numbers and state Laspeyre's method.

List the methods of construction of index numbers.

Define index numbers according to Spiegal and then Explain the problems in Construction of Index numbers

Define index numbers according to Croxton and Cowden and Explain the problems in Construction of Index numbers

Explain the problems in Construction of Index numbers

Calculate the consumer price index number for on the basis of from the following data.(Answer up to two decimal values)
Commodity | Quantity | Price | |
Wheat | |||
Rice | |||
Ghee | |||
Sugar |

Calculate the consumer price index number for on the basis of from the following data.(Answer up to two decimal values)
Commodity | Quantity | Price | |
Wheat | |||
Rice | |||
Ghee | |||
Sugar |

Construct Laspeyre’s index for the following data taking 2014 as base year
Items | year | year | ||
Price | Quantity | Price | Quantity | |
A | ||||
B | ||||
C | ||||
D | ||||
E |

Construct Marshall–Edgeworth price index number for the following data taking 2016 as base year
Commodity | Year | Year | ||
Price | Quantity | Price | Quantity | |
A | ||||
B | ||||
C | ||||
D | ||||
E |

Construct Marshall–Edgeworth price index number for the following data taking 2016 as base year
Commodity | Year | Year | ||
Price | Quantity | Price | Quantity | |
A | ||||
B | ||||
C | ||||
D | ||||
E |

The index number for the year , taking as base year for the following data was found to be . Find the missing entries in the data if is given to be .
Commodity |
|
|||||

Deduce the index number by using weighted average of price relative method where the price per unit of the commodities for the current year and base year is as follows.
Commodities | Price per unit for the current year | Price per unit for the year | Weights |
A | |||
B | |||
C | |||
D |
