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Simple and weighted indices

Unit 8: Index NumbersTopic 2 of 6
Browse the Business Statistics syllabus

Business Statistics

13 units
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What the syllabus expects

  • Aggregative methods
  • Average-of-price-relatives methods

Simple and weighted indices

Bachelor of Business Studies (BBS) — First Year

Subject: Business Statistics (MGT 202)

Unit 8: Index Numbers

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of simple and weighted indices.
  • Select suitable statistical procedures, carry out calculations and interpret business results.

Curriculum Scope

  • Aggregative methods
  • Average-of-price-relatives methods

Detailed Microsyllabus

  1. Simple index methods

    1. Simple aggregative price indices.
    2. Price relatives for individual items.
    3. Simple averages of price relatives.

  2. Weighted index methods

    1. Role and choice of weights.
    2. Weighted aggregative and weighted-average approaches.
    3. Compare results and explain the influence of weighting.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 14-16.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here.