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3. A department of Statistics has collected the data describing the prices and quantities of harvested crops for the years 1990 and 2000 (stored in
3. A department of Statistics has collected the data describing the prices and quantities of harvested crops for the years 1990 and 2000 (stored in worksheet Q3). Compute price index number by Weighted Aggregates method (Laspeyres, Paaches, and Fishers) and weighted Average of Relatives method from the data (Price quoted in Rs. per kg. and production in qtls).
Item
1990 2000
Price (p0) Production (q0) Price (p1) Production (q1)
Paddy 200 1050 500 1300
Wheat 250 940 550 1220
Groundnut 350 400 800 500
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