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Utilities of index number in economics?

what is mean by statistical approach and economical approach in the theory of index numbers?


How we can calculate the Grindability index of Egyptian Rock Phosphate?

Bond's work index one of the most acceptable approach to calculate the grindability index.


What has the author Michael Puschnigg written?

Michael Puschnigg has written: 'Asymptotic cyclic cohomology' -- subject(s): Homology theory, KK-theory, Index theory (Mathematics), K-theory


What are the 3 factors of weber's least cost theory?

Material index, labor and agglomeration and deglomeration.


What has the author Lawrence J Lau written?

Lawrence J. Lau has written: 'A note on elasticity of substitution functions' -- subject(s): Mathematical models, Social sciences 'The Chinese Economy in the Twenty-First Century: An Econometric Approach (Econometrics in the Information Age: Theory & Practice of Measurement)' 'A note on exact index numbers' -- subject(s): Index numbers (Economics) 'Econometrics, Vol. 2'


How do you calculate divisor for index?

To calculate the divisor for an index, you typically take the total market capitalization of the index's constituent securities and divide it by a base value. This base value is often set to normalize the index level at the time of its creation. The divisor is adjusted for corporate actions like stock splits, dividends, or mergers to ensure continuity in the index's value over time. By using this approach, the index reflects the performance of the underlying securities accurately.


What is the theory of refractive index of glass?

The theory of refractive index of glass is based on how light waves slow down and bend when they pass through the glass medium. The refractive index of glass is a measure of how much light is bent as it enters the glass from air, and it affects the speed and direction of light propagation within the glass material. This property of glass is important in various optical applications, such as lenses and prisms.


Which describes how you should approach the process of locating useful information in a book?

usecthe index and the table of contents to find the relevent information


How does one ascertain the body mass index when trying a diet for women?

You can get a body mass index reading from a doctor or at a professional gym. You can also attempt a more ad hoc approach by doing the pinch an inch test.


Who introduced Simple Aggregate Price Index?

The Simple Aggregate Price Index was introduced by economist Irving Fisher in the early 20th century. Fisher developed this index as part of his broader work on measuring price levels and inflation, emphasizing the importance of understanding changes in purchasing power over time. His contributions laid the groundwork for modern price index theory.


What are the basic concepts of string theory?

String theory is based on...http://en.wikipedia.org/wiki/FirmamentWatch this...http://www.youtube.com/watch?v=ZnQLsERqTIg&feature=PlayList&p=1A493B0A2348AC8E&index=0&playnext=1


Why is the fisher's index known as an ideal index?

The Fisher's index is considered an ideal index because it effectively combines the strengths of both the Laspeyres and Paasche indices, thereby providing a more accurate reflection of price changes over time. It achieves this by averaging the two indices, mitigating the bias that can arise from using only one measure. Additionally, the Fisher index is flexible, allowing for changes in quantities and prices, which makes it robust and reliable for economic analysis. Its geometric mean approach ensures that it respects the principles of time reversal and factor reversal, further enhancing its validity as an index.