Aiou Business Statistics – I Solved Assignment 2 Autumn 2016 is ready to upload. This aiou solved assignments code 394 business statistics – I first question is about Index number Index numbers are meant to study the change in the effects of such factors which cannot be measured directly.
AIOU SOLVED ASSIGNMENT 2 OF COURSE BUSINESS STATISTIC – I CODE 394
Aiou solved assignment 2 of course business statistic – i code 394 explain index, according to Bowley, “Index numbers are used to measure the changes in some quantity which we cannot observe directly”. For example, changes in business activity in a country are not capable of direct measurement but it is possible to study relative changes in business activity by studying the variations in the values of some such factors which affect business activity, and which are capable of direct measurement.
BUSINESS STATISTIC CODE 394 AIOU SOLVED ASSIGNMENT 2 AUTUMN 2016
Index numbers are commonly used statistical device for measuring the combined fluctuations in a group related variables. If we wish to compare the price level of consumer items today with that prevalent ten years ago, we are not interested in comparing the prices of only one item, but in comparing some sort of average price levels. We may wish to compare the present agricultural production or industrial production with that at the time of independence.
Here again, we have to consider all items of production and each item may have undergone a different fractional increase (or even a decrease). How do we obtain a composite measure? This composite measure is provided by index numbers which may be defined as a device for combining the variations that have come in group of related variables over a period of time, with a view to obtain a figure that represents the ‘net’ result of the change in the constitute variables.
AIOU SOLVED ASSIGNMENT 2 CODE 394 AUTUMN 2016