BUS722



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BUS722

Aggregate of prices (of all the selected commodities) in the current year as a percentage of the aggregate of prices in the base year know as _____
unweighed method


____ advocated the geometric cross of Laspeyre’s and Paasche’s Price index numbers
Irving Fisher

Data collected on a particular variable or set of variables over time is know as _______
time series data


reflect changes in the volume of goods produced or consumed know as ___
quantity index number


___ combine the features of cross-sectional and time-series data.
panel data



__ advocate that the current year quantities are taken as weights
Paasche\'s price



A particular value of the population, such as the mean income or the level of formal education, is called
parameter


Data collected for cross-section of subjects (population under study) at a time is called _______
cross sectional data


The two sources of data are _______ and _________
primary and secondary


reflect changes in the retail prices of different commodities. The are normally constructed for different classes of consumers know as _____
retail price index number




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