FB 206 :: Applied Business Statistics
ASSIGNMENT
• Business Forecasting and Time Series Analysis [Levin & Rubin]
15-12, 15-14, 15-21, 15-26
• Index Number
1. Construct index number of prices from the following data by applying:
(a) Laspeyre’s Method
(b) Paasche’s Method
(c) Dorbish-Bowley’s Method
(d) Fisher’s Method
(e) Marshall-Edgeworth’s Method
2022 2023
Manufactured Price Quantity Price Quantity
Products (in dollar) (in dollar)
Shirt 15 19 16 18
Socks 18 20 19 16
T-shirt 14 22 17 21
Polo Shirt 16 17 15 23
2. Prices per unit of items forming consumption bundle of an average middle class family
in two periods and percentage of total family budget allocated to those items are
given in the following table:
Particulars Food Rent Clothing Fuel Misc.
Percent Expenditure 20 30 10 15 25
Price (BDT) in 2021 1200 1800 700 1200 1600
Price (BDT) in 2022 1340 2100 950 1450 1900
3. From the following prices of these groups of commodities for the years 2019 to 2023.
Find the chain base index numbers chained to 2019.
Groups 2019 2020 2021 2022 2023
M 12 16 18 20 22
N 26 24 28 30 35
O 18 20 25 28 32
• Probability Distribution [Newbold]
4.35, 4.42, 4.57, 4.59, 5.23, 5.24
• Test of Hypothesis [Newbold]
9.11, 9.19, 10.8, 14.17, 14.18, 15.6, 15.10
