Aiou Solved Assignment 2 Statistic Code 394 Autumn 2016

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Aiou Solved Assignment 2 Statistic Code 394 Autumn 2016 is now available for you. This is 2nd aiou solved assignment for the code 394 business statistic for the semester autumn 2016. Aiou is currently offering this code to different groups of intermediate.

AIOU SOLVED ASSIGNMENT 2 STATISTIC CODE 394 AUTUMN 2016 EXPLAINS INDEX NUMBERS

Index numbers may be classified in terms of the variables that they are intended to measure. In business, different groups of variables in the measurement of which index number techniques are commonly used are (i) price, (ii) quantity, (iii) value and (iv) business activity. Thus, we have index of wholesale prices, index of consumer prices, index of industrial output, index of value of exports and index of business activity, etc. Here we shall be mainly interested in index numbers of prices showing changes with respect to time, although methods described can be applied to other cases. In general, the present level of prices is compared with the level of prices in the past.

AIOU SOLVED ASSIGNMENT 2 BUSINESS STATISTIC CODE 394 AUTUMN 2016

The present period is called the current period and some period in the past is called the base period.
Index Numbers: Index numbers are statistical measures designed to show changes in a variable or group of related variables with respect to time, geographic location or other characteristics such as income, profession, etc. A collection of index numbers for different years, locations, etc., is sometimes called an index series.
Simple Index Number: A simple index number is a number that measures a relative change in a single variable with respect to a base.

Composite Index Number: A composite index number is a number that measures an average relative changes in a group of relative variables with respect to a base.

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Types of Index Numbers: Following types of index numbers are usually used:

Price index Numbers: Price index numbers measure the relative changes in prices of a commodities between two periods. Prices can be either retail or wholesale.

Quantity Index Numbers: These index numbers are considered to measure changes in the physical quantity of goods produced, consumed or sold of an item or a group of items.

AIOU SOLVED ASSIGNMENT 2 CODE 394 AUTUMN 2016

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