fishers ideal index:
comm base yr current yr
price quant price quantity
A 4 3 6 2
B 5 4 0 4
C 7 2 9 2
D 2 3 1 5
Kindly provide the solution for tha above, i tried bt my answer nt matching with the answer given in module.
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Fisher index no
Replies (4)
Laspeyer’s index =( ∑PnQ0)/ ( ∑P0Q0) *100 = (6*3+0*4 + 9*2 + 1*3) /(4*3 +5*4+7*2+2*3 ) = (39)/(52)*100 = ¾ *100 =75
Paasche’s index = ( ∑PnQn)/ ( ∑PnQn) *100= (6*2+0*4+9*2+1*5)/(4*2+5*4+7*2+2*5) = (35)/(52) = 3500/52 = 67.307
Fisher’s Index is the geometric mean of laspeyer’s and paashe’s index. Thus Fisher’s Index is √((3/4)*(35/52)) *100 = 71.05
L = EP1Q0/EP0Q0 * 100 = 18+10+18+3/12+20+14+6 * 100 = 39/52*100 = 75
P = EP1Q1/EP0Q1 * 100 = 12+0+18+5 /8+20+14+10 *100 = 35/52*100 = 67.31
F = ROOT L*P=ROOT75*67.31=71.05
even i gt the same answer bt the answer which is provided in module is 117.3 so confused..
The module that was given to us many errors so you should not be concerned about them getting an answer wrong
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