Weighted Index Numbers
Weighted Index Numbers: Overview
The topic will talk about the weighted index numbers with its formula. We will understand how to calculate various problems with the help of this method. Moreover, it includes various solved examples to enhance our knowledge.
Important Questions on Weighted Index Numbers
If Laspeyre’s price index is and Paasche’s price index is then Fisher’s ideal index is

The consumer price index in the year increases by as compared to the base . A person I getting per annum should now get:

The consumer price index numbers for 1981 and 1982 to the base 1974 are and respectively. The consumer price index for 1981 to the base 1982 is

If Laspeyre’s price index is and Paasche’s price index is then Fisher’s ideal index is

The price relatives and weights of some products are given below.
Products | A | B | C | D |
Price relatives | ||||
Weights |
Find the value of if the index for the set is .

The price index of a product A in compared to is . If the price of the product in was , find the price of the product in in .

Calculate the weighted index number of the following data using the price relative method:
Item | |||||
Base year(Quantity) | |||||
Base year(Price) | |||||
Current year(Price) |

List the uses of weighted arithmetic mean in index numbers

State the difference between weighted and unweighted index numbers

Explain briefly about weighted index number.

The price relatives and weights of some products are given below.
Write the formula used for finding Index. Find the value of if the index for the set is .

