By Leonard J. Kazmier
Burdened through company records? challenge solved. Schaum's define of commercial statistics is helping you already know uncomplicated thoughts and provides additional perform on issues you'll stumble upon on your introductory- and intermediate-level classes. With this booklet, you'll comprehend and grasp the fundamental tools of statistical description, statistical inference, selection research, and technique keep watch over. additionally, you will find out about frequency distributions, histograms and frequency polygons, frequency curves, sampling distribution of the suggest, and extra.
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4. 28) An index should be unaffected by changing any unit of measurement of prices or quantities. 68) concerning the units of quantities. 5 The Eight Properties in Fisher (1911) In chapter X of Fisher (1911) the following tests are treated: 1. 29) A formula for the price index should be such that the price index will agree with all individual price ratios when these all agree with each other. Thus, if in 1910 the price of everything is 10% higher than in 1909, the index number should register 10% higher.
P Fig. 8 The multiplicity of formulae for computing index numbers has given the impression that there must be a corresponding multiplicity in the results of these computations, with no clear choice between them. But this impression is due to a failure to discriminate between index numbers which are good, bad, and indifferent. By means of certain tests we can make this discrimination ... Fisher (1922:9) 2. Traditional Treating of Properties of Price Indices The development of index theory was a dialectical process.
NP. 1 II. 45) A.. 45) are the same. 6 More about Fisher's Test of Proportionality as to Trade In Vogt (1977) the author tried the first time to express the value-index-preserving properties. They say that the price index should be such that the analogous value index equals the only reasonable value index, namely the value ratio. In Vogt (1978,1979) these properties were expressed in a more rigid way by using the vector notation of Eichhorn (1978). 34) in the present paper). Fisher (1911 :406) writes that This test seems therefore in some respect the most important of all the eight tests for prices; although primarily it was not stated in terms of prices, but in terms of quantities.
Business Statistics by Leonard J. Kazmier