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Laspeyre and Paasche index numbers Example 3
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hey check in business maths or forecasting
excuse me, but i couldn’t find this topic in syllabus of ACCA F-2
@gahraman, check in business maths or forecasting
@gahraman, If you look at the ACCA Study Guide for Paper F2 (attached to the syllabus) it is sections 2(m) and 2(n).
Maybe you are looking at an old syllabus.
(We would not include something in our Course Notes and lectures if it was not in the syllabus
)
Never mind… I completed the lecture and got answers to my questions.
Is there another formula we could use for question above? (new basket of goods)
Thank you for the wonderful lecture Open tuition.
Question on using paasche – if a new basket of goods is selected in a period with one product that was not available in the base year, what do we do about Po? (lets say coffee, tea and iphones for current year and base year was coffee, tea and sugar). Would they ever ask us such a question?
@smaguti, No – they would not ask such a question (and that is one of the problems with Paasche)