Applied Statistics-Index Numbers (ISS (Statistical Services) Statistics Paper III): Questions 5 - 10 of 25
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Question number: 5
» Applied Statistics » Index Numbers » Link and Chain Relatives Composition of Index Numbers
Appeared in Year: 2009
Write in Short
Explain the time reversal and factor-reversal tests for an ideal index number. Give an example
of index number which satisfies both of these tests.
Question number: 6
» Applied Statistics » Index Numbers » Income Distribution-Pareto and Engel Curves
Appeared in Year: 2009
Describe in Detail
State the probability density function of the Pareto distribution and give its cumulative form.
Interpret the constants involved.
Explanation
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Question number: 7
» Applied Statistics » Index Numbers » Fisher Index Numbers: Chain Base Index Number & Tests for Index Number
Appeared in Year: 2009
Describe in Detail
Define Marshall- Edgeworth index number and examine whether it satisfies Fisher’s tests for index numbers. Also show that this index number will lie between the Laspeyres’ and Paasche’s index numbers.
Explanation
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Question number: 8
» Applied Statistics » Index Numbers » Price Relatives and Quantity or Volume Relatives
Appeared in Year: 2011
Write in Short
For the following table:
Commodity
A | B | |
| 1 | 1 |
| 10 | 5 |
| 2 | x |
| 5 | 2 |
Where p and q stand for price and quantity for 0 and 1 time periods respectively. Find the value of X if the ratio between Laspeyre’s (L) and Paasche’s (P) index number is L: P: : 28: 27
Question number: 9
» Applied Statistics » Index Numbers » Price Relatives and Quantity or Volume Relatives
Appeared in Year: 2011
Describe in Detail
Explain the errors in the measurement of price and quantity index number.
Explanation
… (269 more words) …
Question number: 10
» Applied Statistics » Index Numbers » Price Relatives and Quantity or Volume Relatives
Appeared in Year: 2010
Write in Short
Discuss briefly the steps involved in the construction of cost of living index number.