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This 2 page Class Notes was uploaded by Nikita Hendricks on Saturday October 1, 2016. The Class Notes belongs to 2305 at Baylor University taught by Prof. Turner in Fall 2016. Since its upload, it has received 4 views. For similar materials see QBA in Business at Baylor University.
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Date Created: 10/01/16
QBA index number A number that measures the relative change in price, quantity, value, or some other item of interest from one time period to another. simpleindex number measures the relative change in just one variable. Unweighted Indexes -Simple Average of the Price Indexes -Simple Aggregate Index Special Purpose Index -Consumer Price Index -Producer Price Index -S&P Index different index numbers unweighted indexes Value index Special purpose index value index measures changes in both the price and quantities involved. A value index, such as the index of department store sales, needs the original base-year prices, the original base-year quantities, the present-year prices, and the present year quantities for its construction. The Consumer Price Index is also used to determine the purchasing power of the dollar Consumer Expenditure Survey (CES A survey administered in these 91 areas to gain information about what typical families are purchasing and at what prices. market basket food and beverages; housing; apparel and upkeep; transportation; and medical care, entertainment, and other items.
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