Consider the following table, which reports the sale (quantity in 1,000s) of homes by region for 2007,
Question:
Consider the following table, which reports the sale
(quantity in 1,000s) of homes by region for 2007, 2008, and 2009.
Region 2007 2008 2009 Northeast 1,006 849 868 Midwest 1,327 1,129 1,165 South 2,235 1,865 1,913 West 1,084 1,070 1,210 SOURCE: h ttp ://w w w .re a lto r.o rg .
Use this information, along with the price data provided in the previous exercise, to
a. Compute and interpret the Laspeyres aggregate home price index for the U.S.
b. Compute and interpret the Paasche aggregate home price index for the U.S.
c. Comment on the differences between the two indices.
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Kirti Kaushal
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Related Book For 
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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