STA304 assignment solution 2016
#1

Assignment No.1 (Course STA304)
Question 1:                                                                                                       Marks:                  5
The following table gives the average wholesale prices in rupees per unit of wheat, Jawar and Bajra during the years 1921 – 1924. Using 1921 as the base period, compute the simple average of relatives’ price indices for the years 1921 to 1924.
Answer:- According to formula Price relative=[img=60x38]file:///C:/Users/moody_eezgnyr/AppData/Local/Packages/oice_16_974fa576_32c1d314_2399/AC/Temp/msohtmlclip1/01/clip_image001.png[/img]
 
Commodities
 


1921
1922
1923
1924


Wheat
100
121.73
132.01
140.31


Jawar
100
83.81
28.32
32.94


Bajra
100
69.23
85.89
71.79


.
Question 2:                                                                                                                    Marks:      5
Construct chain indices for the following years, using the simple average of relatives.
Answer:- According to formula Link Relative=[img=82x38]file:///C:/Users/moody_eezgnyr/AppData/Local/Packages/oice_16_974fa576_32c1d314_2399/AC/Temp/msohtmlclip1/01/clip_image002.png[/img]
 
Year
Link Relatives Of Commodities
Wheat
Rice
Maize
1998
280
1050
270
1999
121.42
102.85
118.51
2000
105.88
98.14
109.37
2001
111.11
103.77
108.57
2002
105
104.54
105.26
 
 


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