Index Numbers

Abdul Quader Miah ()
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Abdul Quader Miah: Asian Institute of Technology

Chapter Chapter 15 in Applied Statistics for Social and Management Sciences, 2016, pp 277-302 from Springer

Abstract: Abstract Techniques are developed and it is shown how scales are constructed for the qualitative data and a wide variety of analytical tools are used to analyze these. Techniques in constructing several indices are shown. These include priority, satisfaction, agreement, performance, price, laspeyres, paasche price, fisher’s ideal price, quantity, total cost, cost of living, and standard of living indices. The technique for calculating rate of inflation is shown. The Rule of 70 is explained.

Keywords: Index numbers; Priority; Satisfaction; Agreement; Performance; Price; Laspeyres; Paasche price; Fisher’s ideal price; Quantity; Total cost; Cost of living; Standard of living indices; Rate of inflation; Rule of 70 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-10-0401-8_15

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DOI: 10.1007/978-981-10-0401-8_15

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