[Rubaisha(Moody Girl)]

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