Index Numbers
Mathematics Solutions from Chapter -1 - Index Numbers
This Chapter covers topics such as Construction of Index Numbers, Introduction to Index Numbers, Weighted Aggregate Method, Weighted Index Numbers, Unweighted Methods of Constructing Index Numbers and, Uses and Classification of Index Numbers
Practice Other Topics from Index Numbers
The topic will explain and introduce the index numbers. It gives a detailed explanation and definition. We will also discuss wholesale price and consumer price index along with the various characteristics.
In this topic, we will study about the uses and classifications of index numbers. We will understand the main uses and various classifications. It also describes the price, quantity, value and special purpose indexes.
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.
In this topic, we will discuss unweighted methods of constructing index numbers. We will also discuss various types of methods including simple aggregate and simple averages and price relative methods for construction.
The topic will talk about the weighted index numbers with its formula. We will understand how to calculate various problems with the help of this method. Moreover, it includes various solved examples to enhance our knowledge.
The topic will discuss the weighted aggregate method. We will learn about the formula of index number based on this method. We will understand how to find a price index with the help of various questions based on this concept.
