Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Compact case
Caselet
-
Reference no. 614-045-1
Authors: R Muthukumar (Bennett, Coleman & Co. Ltd.); Nagendra V Chowdary (Bennett, Coleman & Co. Ltd.)
Published in: 2014

Abstract

This caselet enables an understanding of the concept of Index Numbers and gives scope to understand the computation of price index. Kris Menon (Kris), the owner of a small neighborhoods retail store, who was the first in his family to start a business, had seen frequent price volatility in pulses' prices. It hurt his top-line as well as bottom-line of business. When he approached Rajiv Sumen (Sumen), an agricultural economist for consultation, he was told that price changes from past trend have to be estimated. Can index numbers abet to estimate the changes in economic variables over time?
Location:
Other setting(s):
2014

About

Abstract

This caselet enables an understanding of the concept of Index Numbers and gives scope to understand the computation of price index. Kris Menon (Kris), the owner of a small neighborhoods retail store, who was the first in his family to start a business, had seen frequent price volatility in pulses' prices. It hurt his top-line as well as bottom-line of business. When he approached Rajiv Sumen (Sumen), an agricultural economist for consultation, he was told that price changes from past trend have to be estimated. Can index numbers abet to estimate the changes in economic variables over time?

Settings

Location:
Other setting(s):
2014

Related