INDEX NUMBERS

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