Composite Commodities: Laspayre’s and Paasche Indices

Summary:
bit.ly/dsia04d – Part D of Lecture 4 on Descriptive Statistics: An Islamic Approach – A price index is a the price of a composite commodity, which is a particular basket of goods. Inflation can be measured by price changes of this composite commodity. How do we choose proportions of goods within the composite commodity. Laspayre ...

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