Named price indices

Named price 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 named price indices.
• Select suitable statistical procedures, carry out calculations and interpret business results.

Curriculum Scope

• Laspeyres index
• Paasche index
• Fisher's ideal index

Detailed Microsyllabus

1. Laspeyres and Paasche indices

   1. Base-period quantity weights in Laspeyres's method.
   2. Current-period quantity weights in Paasche's method.
   3. Calculate indices from a common price–quantity table.

2. Fisher's ideal index

   1. Geometric combination of Laspeyres and Paasche indices.
   2. Calculation and interpretation.
   3. Compare index results and weighting implications.

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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.