STA104 WEEK 9

First Class:

LEARNING OBJECTIVE 1

Introduction to Index Numbers

Students need to know concept of price and quantity index.

👉🏼 Watch video V1W9 for Introduction of Index Numbers. 

👉🏼 Refer Pg. 86 - 88.

LEARNING OBJECTIVE 2

Price & Quantity Index (Unweighted Index)

Students need to know how to calculate and interpret the unweighted index numbers. (Simple Relative Index, Simple Average Index and Simple Aggregate Index)

👉🏼 Refer Pg. 87 (formula)

👉🏼 Watch Video V2W9

👉🏼 Simple Relative Index (Pg. 88 - 89) 

👉🏼 Do Example 3 (Pg. 89) 

👉🏼 Simple Average Relative Index (Pg. 90) 

👉🏼 Simple Aggregate Index (Pg. 91) 

LEARNING OBJECTIVE 3

Price & Quantity Index (Weighted Index)

Students need to know how to calculate and interpret the weighted index numbers. (Weighted Aggregate Index, Laspeyres' Index, Paasches' Index)

👉🏼 Refer Pg. 88 (formula)

👉🏼 Watch Video V3W9

👉🏼 Weighted Aggregate Index (Pg. 92) 

👉🏼 Laspeyres' & Paasches' Price Index (Pg. 93) 

👉🏼 Laspeyres' & Paasches' Quantity Index (Pg. 94)