CBSE Class 11-commerce Answered
discuss the weighted and unweighted index of prices.
3 to 4 mark question
Asked by fishtailfever | 07 Jan, 2020, 12:35: PM
Expert Answer
Weighted index of prices:
Weighted index number of prices includes weights in proportion to their prices depending upon importance.
These index numbers are certainly more realistic.
Formula for weighted index numbers is 
Types of weighted index numbers are
1. Weighted Average of Price Relative Method
2. Weighted Aggregative Method
a. Laspeyre's Method
b. Paasche's Method
c. Fisher's
Unweighted Price Index numbers:
Unweighted index number of prices does not includes weights.
Its based on change in price purely.
Types of unweighted index numbers:
1. Simple Average
2. Simple aggregate
Answered by Sneha shidid | 08 Jan, 2020, 04:04: PM
CBSE 11-commerce - Statistics for Economics
Asked by ajaygupta62926 | 17 Feb, 2020, 08:19: PM
ANSWERED BY EXPERTCBSE 11-commerce - Statistics for Economics
Asked by fishtailfever | 07 Jan, 2020, 12:35: PM
ANSWERED BY EXPERT
