INDEX NUMBERS

1234567891011121314151617
Across
  1. 4. Index method using current year quantities as weights
  2. 5. YEAR Year chosen as reference for comparison
  3. 7. PRODUCTION Index measuring changes in industrial output (IIP)
  4. 8. PEARSON Statistician who developed the correlation coefficient method
  5. 9. Problems like the choice of base year, commodity selection, and regional variation
  6. 11. OF LIVING Index showing changes in household expenditure
  7. 12. Importance assigned to items in weighted index numbers
  8. 13. Index numbers help in international or inter-temporal analysis
  9. 16. Index method using base year quantities as weights
  10. 17. IDEAL Index combining Laspeyres and Paasche, considered “ideal”
Down
  1. 1. INDEX Measures changes in quantities produced or consumed
  2. 2. PRICE Index based on prices at the bulk trade level (WPI)
  3. 3. Process of converting nominal values into real values using index numbers
  4. 6. Subject where index numbers are studied
  5. 10. NUMBER A statistical measure showing changes in a variable or group of variables over time
  6. 11. PRICE Index reflecting changes in retail prices for households (CPI)
  7. 14. Rise in the general price level measured by index numbers
  8. 15. INDEX Measures changes in total value (price × quantity)