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Paasche’s Index Number

Management > Managerial Statistics > Index Number By Paasche’s Method Price Index Number by Paasche’s Method: Paasche’s method is based on fixed weights of the current year. For price index current year’s quantities are used as weights. Steps involved: Denote prices of the commodity in the current year as P1 and its quantity consumed in […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

Statistics

Lapeyre’s Index Number

Management > Managerial Statistics > Index Number By Larpeyre’s Method When all commodities are not of equal importance, we assign a weight to each commodity relative to its importance and the index number computed from these weights is called a weighted index number. For example, when calculating the price index number if the price of […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

Statistics

Simple Average of Relative Method

Post author By Hemant More
Post date June 28, 2019
1 Comment on Simple Average of Relative Method

Management > Managerial Statistics > Index Number By Simple Average of Relative Method Simple Average of Relative Method Using Arithmetic Mean: In this method, average of price relative of commodity is calculated. Steps involved Find price relative for each commodity for the current year using the formula R = (P1 / P0) × 100. Add […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

Statistics

Index Number By Simple Aggregative Method

Post author By Hemant More
Post date June 27, 2019
3 Comments on Index Number By Simple Aggregative Method

Management > Managerial Statistics > Index Number By Simple Aggregative Method In Simple Aggregative Method, the total price of commodities in a given (current) year is divided by the total price of commodities in a base year and expressed as a percentage. Steps involved in Simple Aggregative Method: Add the prices of all the commodities […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

International Business

What is Globalization?

Management > International Business Management > Globalization > What is Globalization? List of Sub-Topics: Globalization is the process of increased interconnectedness among countries through trade, investment, technology, and cultural exchange. While globalization has become more prominent in recent decades, its roots go back centuries. Early forms of globalization included trade routes such as the Silk […]

Tags Advantages of globalization, Benefits of globalization, Division of labour, Economic liberation, GCS, Global Civil Society, Globalization, Impact of Globalization, International business, International business career, International business course, International business objectives, International Business strategy, International market, Objectives of international business, Types of international business, Why is international business important

Statistics

Construction of Index Number

Post author By Hemant More
Post date June 25, 2019
No Comments on Construction of Index Number

Management > Managerial Statistics > Construction of Index Number Following are the steps involved in the construction of index number Purpose of index number: The steps which are taken in the construction of index number generally depend on the purpose of the index number. Hence the purpose of index numbers must be defined clearly, perfectly […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

Statistics

Index Numbers

Management > Managerial Statistics > Introduction to Index Numbers According to the Spiegel: “An index number is a statistical measure, designed to measure changes in a variable, or a group of related variables with respect to time, geographical location or other characteristics such as income, profession, etc.” According to Patternson: “In its simplest form, an […]

Tags Arithmetic mean, Base year, Chain base, Choice of average, Commodities, Different Weighted Index Method, Dorbish and Browley's Method, Explicit method, Fisher's Ideal Index Number, Fixed base, Geometric mean, Implicit method, Index Number, Lapeyre's Index Number, Managerial Statistics, Marshall Edgeworth Method, Paasche's Index Number, Price index, Price Index by Dorbish and Browley's Method, Price Index by Fisher's Method, Price Index by Laspeyre’s Method, Price Index by Marshall Edgeworth Method, Price Index Number by Paasche's Method, Quantity index, Quantity Index by Dorbish and Browley's Method, Quantity Index by Fisher's Method, Quantity Index by Laspeyre’s Method, Quantity Index by Marshall Edgeworth Method, Quantity Index by Paasche's Method, Selection of Weights, Simple Aggregative Method, Simple Average of Relative Method, Statistics, Value index

Biology

Basic Characteristics of Cell

Post author By Hemant More
Post date June 20, 2019
5 Comments on Basic Characteristics of Cell

Just as plants and animals are alive, so too are cells. Life, in fact, is the most basic property of cells, and cells are the smallest units to exhibit this property. Unlike the parts of a cell, which simply deteriorate if isolated, whole cells can be removed from a plant or animal and cultured in […]

Environmental Laws

Hunting

Indian Legal System > Civil Laws > Environmental Laws > Wildlife Protection Act, 1972 > Hunting Defined (Section 2(16)) Hunting and trapping have been enjoyed by human beings since ancient times. Proponents of hunting and trapping often argue that a subsidiary benefit of these activities is their reduction of wildlife damage. However, the efficacy of […]

Tags Environmental Law, Hunting, Scheduled species, Wild Life Protection Act

Environmental Laws

Objectives and Features of Wildlife Protection Act, 1972

Post author By Hemant More
Post date June 4, 2019
No Comments on Objectives and Features of Wildlife Protection Act, 1972

Indian Legal System > Civil Laws > Environmental Laws > Wildlife Protection Act, 1972 > Objectives and Features of Wildlife Protection Act, 1972 In this article, we shall study the objectives and features of the Wildlife Protection Act, 1972. Constitutional Provisions: Article 48-A of the Constitution says that the State shall endeavour to protect and […]

Tags Article 51 A (g), Constitution, wildlife, Wildlife Protection Act