Data on India's exports of Jute and Tea, 2000-2003: Jute quantity ('000 t) 871, 706, 724, 627 and price (Rs '00000/1000 t) 202, 320, 311, 302; Tea quantity 199, 179, 214, 288 and price 577, 767, 884, 799. Which of the following are true?
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Data on India's exports of Jute and Tea, 2000-2003: Jute quantity ('000 t) 871, 706, 724, 627 and price (Rs '00000/1000 t) 202, 320, 311, 302; Tea quantity 199, 179, 214, 288 and price 577, 767, 884, 799. Which of the following are true? (A) The chain-base price indices with 2000 as base year are P₀₁=146.3, P₀₂=152.2, P₀₃=144.9. (B) The chain-base price indices with 2000 as base year are P₀₁=148.3, P₀₂=152.2, P₀₃=146.9. (C) The chain-base price indices with 2000 as base year are P₀₁=148.3, P₀₂=154.2, P₀₃=144.9. (D) The chain-base price indices with 2000 as base year are P₀₁=148.3, P₀₂=156.2, P₀₃=146.9.
Index numbers and time-series basics has come up 25 times in 6 exams since 2006.
This question is on Constructing price indices, part of Index numbers and time-series basics in Statistics.
Building an index from prices and quantities with different weighting schemes.
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