Quantity & Value Indices: Price × Quantity = Value
This lesson is part of the course
In this lesson
You split the café's spending growth into a price part and a quantity part and check that they multiply back to the value index.
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Lessons in this course
- Simple Index Numbers & Rebasing (Base = 100) Locked
- Price Relatives & Unweighted Indices: Carli, Dutot, Jevons Locked
- The Laspeyres Price Index: a Fixed Basket with SUMPRODUCT Locked
- Paasche & the Fisher Ideal Index: Substitution Bias Locked
- Quantity & Value Indices: Price × Quantity = Value Locked
- Chain-Linking an Annual Index Locked
- Deflating: Nominal to Real with a Price Index (Real Revenue & Real Wages) Locked
- Weights & Contributions: Which Item Drove Inflation? Locked